YUP very easy work around for this but it does take a lender who will be a little less risk adverse than bigger HML that will simply say no title insurance no loan..

The landowner simply wants to get lots sold and create activity in development.

Probably only for lawn cutting will I find someone on Thumbtack.2.

Yes, there are more steps to go through (often including sending in a W-9 tax form), but those steps are usually pretty straightforward.Additionally, most of the folks tasked with finding the housing for the company's VIPs are really appreciative of being treated well by a good property manager, so you can stand above the crowd by simply responding quickly and respectfully.

The lipstick renovations simply don't pencil.  

We simply wanted to keep it and turn in into asset (long term).

Focus on this strategy rather than simply seeking the lowest-priced property you can find.

I wish I would have stuck to simply multifamily but everyone has a strategy. 

Many loan officers who work primarily in the owner occupied space will try to argue that DSCR is more expensive and have higher rates, but that is simply not true in most cases. 

They rolled over on a deal that was pretty cut and dry in my opinion, and really let me and my client down after months of dredging through paperwork and underwriting.