I had to explain this to family members.I am excited that the industry practitioner has evolved and does not have to live the secret wanna be life of an investor I just listened to a podcast with Pat Hiban which was good For someone like myself who happens to be the lo-key real estate agent with goals this post hit it on the nail for me.

Fannie and FHA would both typically require 2 years of tax returns, take a 2 year average, and arrive at $75k/12 = monthly qualifying income.Freddie, often times, will only require one year of tax returns, and go $100k/12 = monthly qualifying income.The LO simply must be smart enough to only upload exactly one year, if exactly one year is all the AUS is asking for.

Well there is no way to get to the basement other than narrow stairs as is common.I was figuring rumor.. we finally got possession I send my day labor in to start to clean away areas so we can do an Asbesto's survey prior to demo... and lo and behold full blown chevy in the basement... so I guess I am going to need a bigger machine to wrench it out of there maybe I can get a self loading log loader and a heavy duty chain and lift it out in one piece...

@Terrance Bynum & @Susan Lo.

Absolutely not.If it were me, I would look to a lease option and then assigning the LO to a tenant/buyer who needs a helping hand toward home ownership while they get the credit together.

Act as  LO ( loan originator) without being property licensed to do so. 

Back before Dodd-Frank it was common practice for lenders to set it up so they get paid more for more work, but a lot of folks took advantage of this.It's not going to be hard to find someone licensed to broker who will do it now that refinance volume has mostly dried up (8 months ago = good luck), but "specializing" in these would make zero sense for a LO.... it's like asking you if you'd rather work 120 hours a week or 40 hours a week for the same pay. 

Also, If you are looking for a great LO reach out to @Jerry Padilla hes helped me with a couple buys and knows his stuff!

Then yes the option fee is your payment.Take the focus off the fee and run the numbers for the seller on a straight sale vs a LO.

if you ever get the chance, you should go check  out that “ Lo Lo chicken and waffle” spot  up the street it’s bomb!