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.

 That is true most loan officers (LO's) just plug stuff into a computer and press "submit," and when it does not return  "Approve/eligible," or "Accept/Approve," they just go back to the borrower to say tough luck with out asking what could have been different or what the borrower could do to make the file qualify.This gives a big edge to LO's that take the time to educate themselves.Then again it could be the bank overlays or sometimes they have no specific overlay but their interpretation of a guideline is different that you would like and it affects the file adversely too.

@Shone Durante I would like more info please

Hi Catherine,I'm both an LO and investor so I'm seeing both sides.. here's my 2 cents:1.

Was thinking a brewery or something lo-key.Can everyone chime in if either of those dates are preferable and then we will lock  one in?

I was opening up a wall and lo-and-behold, the previous owner had dug out the crawl space to add square footage and did not bother to pour the foundation walls.