AZ Contracting Group LLC Pace Jordan Morby (Member)ROC 303463KB-2 Dual Residential and Small CommercialRevokedTempe, AZ, 85282(480) xxx-xxxxxMore Infohttps://azroc.my.site.com/AZRoc/s/contractor-search?

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

This is especially true of small mom & pop businesses in high end areas.  

.✔️ You’d rather pay for peace of mind and legal compliance.Final ThoughtsIf you’re house hacking a small multi-unit (like a 2- or 3-flat) and are comfortable being hands-on, self-managing can be a great way to save money and learn the business.

Consider starting small, like with a duplex, to get experience.

Since it was over 12 months with my HML, I ended up taking the property under my name with a 30-year conventional loan.

Whether it's a small, family-owned PM company or a mid-scale operator with multiple properties -- I am interested in the trends!

Thank you.I've personally bought and sold over 15 properties, was a Realtor in Texas for 5 years, and a loan originator for almost 10.

The other challenge is selling it, there is a smaller buyer pool for hospitality in a small market but that was known going in Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high.