This appeals to some of our borrowers who are more concerned with limiting their initial cash outlays than with the rate.

This would be very much like a borrower having the property rented at break even.So in short, a LO simply saying "he wouldn't finance" without running full credit and verifying income would be short sighted, in my opinion.July 3, 2022To Whom It May Concern,On November 14th, 2018 one of our holding LLCs, [LLC Name Redacted], entered into an agreement for sale on the property at [Address Redacted].

This is the current issue before me: Relatives are now claiming the home belongs to them and have had an attorney reach out to me stating they will be filing something in probate court concerning the will but nothing has come about that in the last 30 days.

Any concerns or ideas on prices?

If you were and lose the value of the rental, then subtract the rental amount from the total price to arrive at the reduced value to you.Are you asking HOW to negotiate a lower price based on this uncovered information concerning the property condition?  

I would be more concerned about the Insurance.

While I know I can start a business making around $7k a month, my immediate goal is to house hack, and my concern is about qualifying for an FHA loan.Any insights you have on this would be greatly appreciated!

Should I be concerned that the husband has no credit history (I'm wondering if this is indicative of past financial hardship/bankruptcy)? 

@David ChanceYour concern about tax ramifications is impossible to address without knowing your numbers and your specific situation.

If you are concerned about cash flow right now, the longer your mortgage, the lower your mortgage payments will be.