My LO there, who I did my refi on my primary, told me they underwrite duplex with ADU.

@Brandon Durant congratulations on starting your real estate journey!

Also James Marquardt/Durante & Rich Real Estate

They want to make it a sodosopa  https://www.morningjournal.com/news/lorain-county/...Next, they're rehabbing the historic buildings  http://www.chroniclet.com/Local-News/2018/07/17/Lo...Lorain recently got a giant dredging contract from the state of Ohio, this is going to bring in a ton of money https://www.morningjournal.com/news/lorain-county/...Republic Steel has reopened in Lorain, bringing a TON of jobs back to the area (arguably the reason that the city was in decline)  https://www.wkyc.com/article/news/local/lorain-cou...Save-A-Lot and Domino's are committed to bringing the area back https://www.morningjournal.com/business/save-a-lot...AND if all that wasn't enough, you can find a ton of duplexes and single fam's for sale right around 25k per unit which is really sweet considering the rents in the area are 500-700 easy per unit and property taxes are super low.  

My husband(@Michael Haas) and I work on real estate full time and L-O-V-E it!

The $25k will go quick if needing to put that amount down hence I’d recommend looking at 2nd home loans and if you decide to Airbnb it or rent it out after closing when your not using it then “it is what it is”.Best,JonI don't think the LO or the company actually lending out the capital would feel "it is what it is".

I talk to investors all the time who start out asking about DSCR loans because either they are sure or they have been told by a LO that they could not qualify for conventional loans because they own an investment property or two.

Marie Poe  in TX on a LO the seller must provide the mtg info and then submit an Auth to Release, or could also use a LPOA so the bank has permission to talk to the buyer. §5.016 is for a wrap or contract for deed, but does not apply to a lease option. 

The Mortgage license test for someone like me that has never really done owner occ loans and only HML was pretty tough since I never really worked in the space I passed first time but when Dodd frank came out it washed a lot of LO out who either could not pass or now your required to submit a Personal financial statement to the feds and state and have a bond..

Hay que aprender saber lo cual es bueno y comparar a lo cual sea malo.