The group collectively contributes the down payment, closing costs, reserves, and reno $$ if applicable.

So we thought it would be helpful to spell out just what we look for in a borrower, and what you can do to make your application even stronger.

So we thought it would be helpful to spell out just what we look for in a borrower, and what you can do to make your application even stronger.

@Sue K. mentioned the same removal of OO requirement you did, and really the understanding comes down to a definition of one word. 65852.2(a) (6) (B) Notwithstanding subparagraph (A), a local agency shall not impose an owner-occupant requirement on an accessory dwelling unit permitted between January 1, 2020, to January 1, 2025, during which time the local agency was prohibited from imposing an owner-occupant requirement.This section is from the general discussion of ADU/JADUs and their application ect. but you'll notice the prohibition from requiring OO is specific to the ADU.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Posting in bigger pockets as it is an application for real estate.

I started the application for the business deposit account because I thought that's was the bank account option.

Hello BP Community,I'm currently facing a dilemma with a rental application, and I could really use some advice from fellow landlords and property managers.Recently, one of our tenants requested to add her husband to the lease.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The assets purchased would be considered "placed in service" in tax year 2024 and would therefore be able to be expensed/capitalized as applicable depending on the treatment of the assets.