I talked to two different local credit unions about pulling 300K in locked equity out of our former primary home that we converted to a short term rental last year.

And that's easier with national credit tenants than with regional companies with fewer locations. 

With Conventional, your brothers do NOT need income, do NOT need credit scores, DO need to be on the loan and live in the property for 1 year.

Just wait until a sec 8 tenant fails to recertify or loses voucher and you need to evict these people who have barely any money/credit to find another place.

I wouldn't characterize it as bad vibes, just weird, numinous feelings, like you can feel the history there.

The interest rate they gave me at us 7.70%, 5/1 ARM, rent to debt service ratio is 1.21My credit score is 672.

Any time you can avoid adding more trade lines to your credit and increasing your DTI its best.

There are 80% LTV cash out refinance options and 85% LTV for a single family rental purchase if the property is cash flowing (DSCR ratio of 1) and the credit score is high enough.

For the most current ownership info and sales history in Cumberland County, try the Recorder of Deeds Office—this is where you’ll find detailed property transaction records, accessible online through a service called Landex on their website.

With respect to Tenant's back grounds, pets, rental history, job status etc etc we are always looking to learn but feel that aspect is strung and thorough.