I didn't have enough space in the Title:Novations where the investor uses a Limited Listing that puts them as the primary contact for scheduling showings, receiving/accepting offers and negotiating are brokering without a license.Novations where the investor actually hires a real estate broker to handle the aforementioned for the seller are not included. 

If you're looking for all the differences between the 6 types of renovation loans (Limited 203k, Standard 203k, Homestyle, ChoiceRenovation, VA, and USDA), you're best to use the internet or have a 1-2 hour conversation/meeting with me or an experienced renovation lender. 

Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take. 

With a very high costs are so many are stretched to the limit.

Michael - The 6,000 SF refers to the land size limitation.

As Nick said, just confirm prepayment penalties for your loan type in case you want to refinance.In IL, duration of prepayment penalty is limited so the penalty can be higher at times

4) Bathroom time limits?

Most DSCR loans will have very limited seasoning requirements to use the new appraised value to refi.

I've heard mixed opinions about wholesalers getting their broker license some say it's beneficial while others claim it's unnecessary or even limiting.. what's your take on it?

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