Due to what this is, practically the only buyers are other investors, which limits the market more than I’d like since in this price range investors have other options which are more “conforming”.

In my areas I rarely have problems understanding the comps unless the properties are non conforming.

You get that in court saying I'll sell at some future price and give you the right to do so if you pay me some value today is totally illogical and that won't hold well.If you call a certain contract by a name there are expectations of that contract conforming to the requirements perceived and associated with it.You can have a future sale contract where you may agree to future prices, commit to sell, obtain consideration for holding the property off the market, but that certainly is not an option contract.All outhouse lawyers please report to the remedial RE class!

Not conforming to the neighborhood, but are income generating.

I would rather show a lender my financial statement that PROVES i'm financially intelligent then a piece of paper that indicates that I can conform to a life of subservience.

Foreclosure laws, and lending laws to some degree, are state specific so the loan needs to conform to where the real estate is located, not where the lender is located.

If I were in your shoes I would look for a lender idoing portfolio loans on "non conforming" properties.

The 70% LTV that they want you to be at probably means the current lender who did the loan mistakenly on the wrong terms realizes that they cannot sell it directly to unload this loan and make a profit but now has to service/hold the loan for 12+ months and wait till the market increases or you pay down the principal to the point where the LTV is 70% of the market value (after 12 months per guidelines) so that now the terms conform to Fannie Mae standards and they can finally unload this puppy back to FNMA and get it off their books.The 70% LTV requirement is usually when you have 5-10 financed properties for 3-4 unit residential or if you bought the triplex with cash and did a cash out refinance (delayed financing exception) within 6 months of the cash purchase.They could either unload the loan to the "scratch and dent," market where they may get cents on the dollar and will probably lose a ton more money or absorb the cost to refinance you by paying all your closing costs and interest for the next month so you can skip a payment and keeping your rate the same.It tells me that they are saying Hey its cheaper for us to do this and it benefits you too, give us a 2nd try please?

@Ryan Steele I'll take my 30 year mortgages at 4% any day over your 5/1 ARMS, sure your limited to 10 in your name and 10 in your spouse,,but anyone not taking advantage of the conforming mortgages they can get is missing some wonderful loans right now

How's the air quality in that non-conforming basement?