Existing students lease ends in late July, new students would like to move in Aug 1.Purchasing during COVID was a challenge as all of the banks had tightened up their processes.

In hindsight I should have shopped around, since BOA is tightening their lending right now.

I'm trying to refi one of my rehabs and my local bank is giving me a hard time right now because they've tightened up on refinancing due to COVID. 

Having a family to support definitely adds more pressure and financial strain but once you reach that goal it'll all be worth it.

@N M ClarkeIf you are required to personal guarantee - they will look at your income.Your best bet would be to call up some lenders in the state where your property is located in.People on BP can give you advice but your situation may be unique than most.1) title in trust2) being a trustee and a beneficiary3) having no job4) state lending rules are unique5) add to that its covid and banks are tightening up their lending.

That being said, I’d rather take a pay cut at first and be hustling working on and for myself, than stick with my current employer and take the strain.

But the downsizing of the director’s home could indicate that institutional belt-tightening is now underway.Malibu $100 Million Fixer.

(This last can be a buzz-kill for some, but it protects you from overleveraging and losing your property in market downturn situations.If you have less than 25% equity in the property by the time you are reassigned, you may still be able to tighten your belt, save cash like mad, and buy a property in Texas from your savings since housing tends to be a fraction of the cost in most of the state, Austin being the exception.Best of luck to you!

The beds are pretty solid, but they do need to have the nuts all tightened up occasionally.    

Many banks (that will do them) have tightened requirements on delayed finance.