In terms of timeline, don't plan for it to be a fast process, your rockstar local loan officer will not be processing the assumption, it'll be a group of call center people reading scripts from a computer screen.

A property I am putting an offer on tomorrow has an upstairs section I conservatively think I can get $1500 for (master bedroom + small bedroom OR bonus room for office), then two bedrooms downstairs for $1,000 each.

If so what is the purpose of the Tax Office website listing the total due of $14079?

Yes, it can catch a lot of loan officers off guard at first but it can be done. 

SOME OFFICES HERE AND THERE GO ROGUE AND DIRECT A MORE TRADITIONAL ASPECT OF THEIR AGENCY (HOWEVER, THE FRANCHISORS OF THE COMPANY PROMOTE THAT WORKING WITH INVESTORS SHOULD NEVER BE IGNORED- THEY HAVE A 3 HOUR SEMINAR FOR THEIR NEW AGENTS COVERING EVERYTHING FROM ASSIGNMENTS TO DOUBLE CLOSES (YES)!

I am also a loan officer so please reach out if you'd like to hit the ground running on your financing.

He also received a copy of the recording filed at the recorder's office in Los Angeles, CA.

(We also invited him to visit our office so we could show him the physical collateral files and show him the online portals for our note servicer, bank accounts, note management systems, but he declined.

You would not be able to purchase an LTR as a second home because access would be restricted and the property would be subject to an occupancy agreement limiting use.Please be careful about listening to advice other than from a licensed loan officer. 

@Kevin French Sounds like I need talk to another loan officer.