At the beginning Blue gate said we were good with the loan approval.

Once the application is approved, we use Buildium to create a lease and email it to the tenant for electronic signing.

@Melanie P.1) The caseworker is supposed to approve all HAP contract amounts, but otherwise, who is realistically going to take the time to investigate and how are they going to prove it?

Each change took a meeting, then two different public hearings, then a Board approval meeting. 

It requires a solid FICO, that you get pre-approved with all current financials held in file beforehand, with the complete contract package submitted upon execution which starts the clock; insurance must be arranged within three days for lender underwriting. 

The inspection and approval process of s8 basically causes s8 applications to be lowest priority processing.  

Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.

You may get EXTREMELY lucky and find one for 15% (if they get approval from management), but you will not find one for 5%. 

She sent me a letter from Commercial Property Advisors, Peter Harris, which stated she had approval for funds sufficient to cover the purchase price and below it listed a Wells Fargo business account showing funds in excess of the purchase price.

As a co-host for short term rentals, you may not need a license as long as you're not crossing over into activities that could be considered brokerage activities like handling any contracts, collecting rents, doing any accounting, approving tenants, etc.