On an ADU the process can take a year from start to income.  

That route might save you some money, but it would require a bit more of your time to find the right team and manage the process.

They uncover a lot of problems with these properties.It sounds like you have enough to work with to appeal their process.

Many lessons have been learned firstly is you can’t be too nice or trusting and second is, don’t wait to figure out the refinance and cash out process and until you are almost done with rehabbing the property because currently going through a very lengthy, cash out refinance ordeal at the moment as I’m trying to get financing terms finalized as we speak.

Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.

Acquisition is the root of real estate investing - if you can master the systems and processes around that you will have a skill that can be translated to bigger and bigger deals.I'd advise against developing on your own at first - if you find a partner that is knowledgable then go for it.Syndications can be great, they also can be horrible.

Even if you do not mess up any steps in this lengthy process, you are looking at AT LEAST 90 days before you get your asset back. 

Mitchell,I am going to give you some advice to help you avoid getting to far into the DSCR process and losing money. 

We aren’t looking for someone who is accountable for a subprocess and has “partners” they can refer us to for other processes.

Alternatively, some purchasers want to control the process in return for more certainty.For a non-delegated correspondent loan, the loan purchaser will get involved and direct all processing decisions.