Jon, your a smart guy what concrete advise is there to give at this point?

After all, square footage is about more than raw measurements; it’s about how seamlessly the space integrates into the home’s overall living enviroment.If you’re serious about making that office “count,” consider checking local guidelines or even chatting with a reputable appraiser in the Phoenix area..from what I’ve heard they’ve handled properties like this before.

In late 2023, the guidelines changed to where NPR must be living/working in the US in order to obtain a mortgage.If you are seeking a loan for an investment property, then yes, there are options. 

The sidewalks were destroyed and the walk way concrete was off set.

They are inherently more expensive than conventional financing and each DSCR LENDER has their own guidelines. 

The challenge with the FHA guidelines is the self sufficiency test.

We’re being funny because there's still a bit of nuance here.There are strict guidelines and it's sometimes a blurry line between being an RE pro vs not.

You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML? 

Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.

@Richard Anderson: You've piqued my interest.Do you happen to know if there are guidelines in the banking industry as to how to handle the Due on Sale Clause when a seller sells on Executory contract to another individual?