From your post above it seems like you're relying on the bolded item as an element the sites are not conforming with.

/2% over APOR (which changes weekly) and that for loans $49,999.00 they charge no more than 6 1/2% over APOR.While this removes the protections of a Qualified Mortgage, given the special exemption it also still allows for rebuttable presumption if the other aspects of the loan do conform to a Qualified Mortgage.

The same issues apply to refinancing mortgages.The same basic guidelines are used by portfolio lenders, but they can make some exceptions that are still prudent.These are also the base line used to determine other lending issues by the regulators, CFBP, HUD or conforming debt obligations in predatory issues.This is a good example of a seller financed note being required to fit into generally accepted practice, where all mortgage financing requirements must be working in concert with other each other instead of having odd or non-compliant parts.If a concert band is going to play the William Tell, the trumpet section can't be playing the Stars and Stripes.

There is a reason commercial values are higher, it's not entirely about rental income, properties must conform to higher standards in order to command higher rents. :)

Typically this is a true net of $300/month accounting acquisition & renovation with a hard money lender, a refinance into a conforming loan, real estate taxes, water, and a property manager.They keys to solid cash-flow in SA is buying in the right locations, and purchasing at the right price.

Banks generally won't lift a finger to help you buy anything and will be happy to reject your counteroffer if it doesn't conform to their terms.

Not quite 2% but it would be a good primary to get student loans paid off, and start flipping.Question, anyone had experience bringing a non-conforming property into legal compliance as a duplex, any advice on the process, or will this just be a nightmare not worth looking at.

The farm has two zoning designations with most of it being commercial timber and three non-conforming buildings as they were built before the zoning code existed.

The first lien (a 30 year conforming loan) has already initiated the forclosure process and has an estimated judgement amount of $100k.

Because that is your intention, any lending must conform with residential guidelines, and most hard money lenders aren't licensed for residential and won't take a chance on funding a deal that is clearly residential in nature.