Hi there.I came across a few rental applocations where one spouse has >700 credit, and the other has low credit (610) or is in consumer proposal.

However, the seller knowing my specialty, countered asking me for a proposal with more upside for the seller or to do a rental arbitrage.My initial offer was a 5% upfront cash payment, 15 year repayment plan at 4% interest and attempt to refinance within 7 years to repay the seller in full and secure more traditional financing.  

Here's what I found for NY:"It is illegal for storage unit operators to seize your property without providing the following information: an itemized statement of the amount due. the description of the property being seized. the nature of the proposed sale, including the time and place."

The servicer proposed a loan modification agreement which reduced the debtor’s monthly mortgage payment, monthly escrow payment, and interest rate.

Usually, if something has been proposed the city sends out some type of notice to the property owners in the area regarding the proposed project.

So, when I was looking bring about this type of proposal forward, I looked into who was selling the properties I liked.

For the size of your proposed adu, highest and best may be as a duplex (if zoning allows) and the appraiser may appraise as a multi fam. 

I am proposing that my partner pay 50% of down-payment and also along with that take a personal loan from me for 30 years for the 50% of their remaining portion of loan.

Cleveland City Council has recently proposed a new ordinance that would make it very difficult for us.

But you can look at action items 1 thru 10 at the bottom and see the action steps proposed and taken.I will have to monitor these weekly.