@Kermaury Musgrove no first-time story, but some education:)Every market is unique, but the Midwest markets have a lot of similarities and are way different than the market in California.In Metro Detroit, we rank all the suburban cities and the City of Detroit Neighborhoods as Class A, B, C & D.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I see some folks are making the assumption that this will dissolve the MLS all together. 

Has anyone used https://www.umeprojects.com/ for loan assumption?

@Andriy Chuchman just using basic assumptions for Chicago and what you have told us here are my numbers

It's essential to recognize that all investments carry assumptions and risks, but informed decisions are based on historical data and trends.

Are my assumptions reasonable?

That's my assumption is that it may cause a liability issue depending on how the state laws are worded.

My assumption was that she could start showing it asap (while it is still occupied), to reduce the potential vacancy time.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

If your loan officer doesn't understand a loan assumption, get a new loan person!