Quote from @Kieran Dowling: There are too many forms, checklists, or letters to list here.

I was even thinking of when I send him the termination letter asking for those 2K back.

This for all intents and purposes is a pre-approval letter and each property is treated as a whole new loan.

I am going to start a marketing campaign sending letters to potential sellers indicating that I would be interested in buying their home. 

- $500,000 Purchase Price- $0 Down Payment- 4% Interest- 30 Year Am- 10 Year Balloon- Monthly payment: $2,387Business Plan: Convert to 44-pad tiny home (tenant-owned) community that will cash flow ~$20,000/mo and be worth ~$3.5 million!

The other is demonstrating efforts to meet that intent.Between now and the pending closure I would actively look for work in your area and keep emails and letters to show that you did that in case it comes up.

I had actually sent a letter and tried to call the owner several times on this.

Quote from @Amie Garcia: Start by writing the PM a letter detailing your suspicions.

These are ~6-month interest-only loans that have a balloon payment at maturity.

My commercial loans are going to balloon eventually so I may put everything in my name at that time.