Sincerely, Singh 15 days is really 11 days by the time your lender gets everything needed to really get going (you're losing a day here on the internet, for example, and then you're going to lose another day b/c your LO will ask you for "bank statements" and you will upload a cell phone screenshot, and then you will lose 2 days when there's a typo on your insurance that the insurance agent takes two days to fix, and so on). 11 days is unrealistic for a complex investor scenario. 18 or 20 (which is really more like 14 to 16) is realistic if you find a fast lender, and then (in CA at least) the 'notice to perform' buys you another 3 days.

Your trusted local LO can explain why.

If one on my tenants was triggered because they found out a neighbor had a gun, I would ask the "triggered" tenant lo leave.my 2 cents

Any LO taking this on either a) doesn't know what they're in for, or b) is doing you a solid.

Guessing LO mis-quoted or something.

Thank you Call your LO and disregard all internet advice.

@Riley BlakeEither the FHA 203K or Fannie Mae's HomeStyle Renovation loan would work if you have an experienced LO working on the file. 

The good news is that typically a LO specializing in non-warrantable condos will be able to get it done regardless of reason.

@Johnson Lo the first place to start would be zoning.

To me the LO is hardly the most important person, lol.