The only net result I can foresee is another extended prepayment penalty and more interest for conventus.

Markets that experience this generally realize a sudden appreciation event over a short time period and then the appreciation levels off or slows. 

With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024 or in 2025?

However, during that time period, they were supposedly renting from a family member, so I don't fully trust that.So, most likely the applicant was being dishonest.

I purchased about 2 acres of land in Winston County Al I went and looked at the property and its all completely wooded, but my question is could i go ahead and start clearing the timber off of it or should i wait until the redemption period is over with first?

With every booking, you have a potential to extend a network.

Investing period can not fix this issue.

.⏳ After that period, if you decide to move out to purchase your primary home, a lender can use 75% of the total rental income from the fourplex to enhance your overall income for qualifying purposes.😀 This can be a fantastic opportunity for those looking to invest in real estate while managing their living expenses.

Non QM, 8.125% interest rate, 2.625pts, 20% down payment, 12 month prepayment penalty period - 3.61% CoC2.

You need to make sure it's furnished and has all the amenities needed for extended- stays (fully stocked kitchen, washer/dryer, TV, etc.)