As long as you pass that hurdle and the other requirements for a second home mortgage, you should be good to go.

Ive been doing a lot of research on MF start up, and the first hurdle it looks like I have to get over is finding a sponsor.

I have a lease that states that the tenant can assign the lease with landlord's consent, landlord's consent not to be unreasonably withheld.

I am requiring these for every applicant who makes it thru the first hurdle as well as 4 months of their bank statements.

I have spoken with an attorney about tax sale properties before purchasing and he indicates we should be able to overcome the redemption period hurdle to move forward with selling properties.

@Dennis MooreThat doesn’t sound unreasonable for rent based on my area.

Some may need the money now and not want to deal with the rental hurdles and opportunities.

This is the #1 hurdle for most Americans.

BP community,
I am not discouraged but also find myself probably in the same situation as many who are starting out and seeking advice to get some traction.
I don't have enough cash (yet) to make cash offers, so I k...

I appreciate any connection or guidance through this hurdle, and as always thank you all for the support!