A few additional context that may make this a bit more complicated:- ideally the 1031 exchange that I do will then add my wife to the picture with the trust that we have established (however it's easier to do)- the property was previously used as our primary property, but is now a rental property for at least 4-5 years- an alternative is the sibling is open to gift annually up to the gift limit so that we own the property outright prior to the exchange, but that will take quite a few more yearsThank you!

I'm understanding that everyone's in agreement not to blur the lines when establishing your criteria for accepting or rejecting an application...

I know that it will never get to that point but I wanted to establish that verbally.Realistically, once I leave it's not like I'm going to be getting rent for that unit anyway so if he's late I won't really consider it the end of the world.Would love to hear people's honest thoughts.Thanks,

Is the land next to an establish road with utilities?

Now that you have proved things out and have a track record you should be establishing other sources for your loans.

Note, you don't "Take over" the mortgage typically, you just pay as the successor once you legitimately establish yourself as the successor (Will, Trust, Court Order).

There are programs that let you buy an investment home as an resident alien, or Foreign National.You can focus on a DSCR program but in most cases need to have a credit score established best to be above 720.

First, establish an online presence and join local groups and orgs to get your name out.

In this type of deed, the seller does not guarantee that their title is free and clear of any defects before the seller acquired the title or ownership of the property.A special warranty deed generally contains this similar clause:“Grantor does hereby bind Grantor and Grantor’s heirs and legal representatives to WARRANT AND FOREVER DEFEND all and singular the Property, subject to the matters set forth in this Special Warranty Deed, unto Grantee and Grantee’s heirs, legal representatives, and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof, by, through or under Grantor, but not otherwise.”Quit Claim DeedQuite contrary to general warranty deed and special warranty deed, a quit claim deed does not establish title of the seller in the property.

Not really, as long as you are up front with a lender, most would just require you to show them the establishment of the LLC/accounts and then could proceed with that.