No lender can run a formal credit inquiry (hard pull) for the extension of credit without an application for credit.

This is a great time to update your lease to (a) a month-to-month contract, so that you can ask anyone to leave if they are messing up the feng shui, and (b) add a non-smoking clause.I have written extensively on the merits of MTM leases here on BP, so you can read about my rationale if you'd like.Here's my non-smoking clause:SMOKING: Smoking is prohibited inside your unit or in any interior common areas.

Whether those laws should they apply in instances when the buyer/tenant does not come from another state could be a legitimate point of contention for a court I suppose.

VA in this instance ?

Jair keep in mind “ having family” can not counter balance any additional expenses to purchase in Houston vs DFW for instance.

I have done extensive research on how the process works but does anyone have any suggestions regarding financing (besides FHA)?

Join local real estate investment groups, attend industry conferences, and seek out mentors with extensive experience in foreclosure properties.

The first of course being ability to repay (which borrower should qualify for in this instance since their payment is going down), but more importantly is the loan to value. 

I am considering a 20 foot extension to my cabin - a new master suite with bathroom and fireplace, that would take me to around 2900 feet. 

One tool I've utilized extensively for personal and client acquisitions are seller carried transactions.