We found a 188 unit deal in Columbia South Carolina and Ryan had actually already underwritten it but he missed the fact that the T 12 actually only had 11 months in it instead of 12 so we caught it and Multi Family Mindset’s internal underwriter really loved the deal.

Having a Pre-approval letter or better yet a loan commitment and a Banker to call and reassure the sellers agent you can close in 30 days or less also offers a huge advantage.In this market using a DPA is not a bad idea since rates are high and when they drop you simply refinance for a lower rate and payment. 

My preliminary research indicates that this might be possible (without committing fraud!)

The problem is most loan officers will not know this up front because they fail to do a "pre-underwrite" and get a "Loan commitment" versus a pre-approval letter.regardless of you using your own money they will "Not" use the higher appraisal value they must go off of the legal sales contract.

Fraud is a crime, they are consequences for committing it and it's not a question of IF, but WHEN.

Many rehabs look like the other guys "contractor specials" - no heart, no joy.So how do you find a designer who will commit to creating and selecting a scheme for an overall project?

T: "No. 

As tenants get more savvy about these new laws, they are more likely to call legal aid if you do not follow those requirements to a T. 

It involves thoroughly investigating and evaluating investment opportunities before committing capital.

This approach demonstrates our commitment by showing we've done the necessary inspections.