I think I found our next primary home (closer to work for the both us) and the plan was to put down 20% but now the LO says I have the option to do 10% down and pay LPMI which was only 1/8 point higher than the current 30yr fixed rate.

The title company has been reported to the Attorney General and other agencies but like anything in government, it is s-l-o-w. 

We also find it highly unlikely that the lessor would agree to assign it to us because the house is worth a fair amount more than it was when the LO was first entered into - which also explains why they're stalling on every possible step.At this point though I'm less concerned about the lessor following through with the sale.

The LO should have known this from day 1

Your goals should dictate which direction you go.If I were you, I would find a rockstar LO that isn't an order-taker, who is passionate working with both investors and veterans, and is educating you on all your options.I'm not licensed in NY, but if you need a referral to a rockstar LO in NY, shoot me a PM and I'll connect you.Best of luck, and TYFYS!

I'm not licensed in PA, but if you need a referral to a rockstar LO there that can absolutely do a FHA 4-unit and that won't gauge you on fees, PM me and I'll connect you.Best of luck!

*There are "extenuating circumstances" exceptions that allow only 3 yrs, but that's only for a divorce, accident, layoff, etc beyond your control and you better be able to document the crap out of the hardship, income loss, dates all match up, etc.I'm not licensed in NY, but if you need a rockstar LO there, PM me and I will connect you.

It's not algorithmic like residential lending is.One common structure for commercial lending:Your LO has to sell you a rate (you want lowest possible), and then turn around and sell that same rate to the loan committee (they want highest possible).

I'm thinking about LO's to initially acquire then either ultimate own or sell down the road.

We picked up the keys from her, unlocked the door to our new rental, and lo and behold, it was more than just "a few things" that were left behind.