Unfortunately, that doesn't allow them to plan.We usually get many ready early.

Just because you're not finding them doesn't mean they don't exist.

It doesn't mean your deal is bad.Also, looking at the 1Y stock market performance and lump sum investing at the top is chasing performance.

That way, ignoring the letter doesn't tank your deal, it makes the tenant in default, so you have some pressure. 

There is absolutely no excuse for the tardiness of financial reports, or information to investors, UNLESS the sponsor has run out of money to pay account/attorney, or employees; the sponsor is trying to come up with a way to “creatively” deliver misleading information, or the sponsor just doesn’t want to acknowledge reality.  

I think FHA is always a little bit messier than other kinds.Then, you should know that assuming ownership doesn't necessarily mean you own all the equity they built up over time... it's still your mom's equity.

We walked the house and clearly there was an addition added at some point.Is this an issue that the title report and MLS doesn't match? 

I can pay it back that doesn’t worry me. just getting a loan without income is the kicker! 

@Randall Ayers  It doesn't matter where the lender is located, as long as they can offer that type of loan in Colorado.

Louisiana is also a very landlord friendly state and that doesn't hurt either.I have been looking at the rental data in New Orleans lately and it seems like there may be a surplus of rentals available, most likely due to the STR rules causing people to switch to regular long-term rentals.