We do this all day.Rocket and other lenders simply do not want to minuscule liability chance for such a tiny portion of their would be business so their attorneys tell their often not very experienced people that THEY do not do them so the LO assumes it is against the law.   

An LO that also understands the intricacies of where you want to invest (and it is a benefit if he/she has a known reputation of getting loans through in your area) is a big plus.Good luck in your search. 

Others I bought subto or acquired on a L/O.

So even though there was no "official" minimum period of them collecting interest, it sure as hell felt like it to that borrower, lo and behold we finally got it, and were able to close the refi, mysteriously right after the 12th month passed since they took it out, that must have been an "odd coincidence"... ahem.There are honest and forthright HML out there, to be certain.

The short answer is the structure I described - starting with a Series LLC and then moving to a multi-layered, 2-LLC structure - is the way I will structure mine for rentals or flips or LO's.  

Lo and behold total cash to close was more than we had planned for and we need a solution.

I mainly work with investors so haven't done any 203k as an agent but when I was a LO we did 203k streamlines.

The OFR has mandated that they are looking to halt unlicensed activity (if they can, who knows), but they are also going to be auditing all licensed LO's and licensed lenders before the end of 2022.

I know a bunch of appraisers and LO's that thought the same thing.

Please note citation details below:Docket No: xxxxxxxx LO Section 301.3.1 (Lead)Exterior ConditionsDocket No: xxxxxxx LO Section 301.3.1 (Lead)Exterior ConditionsPlease take further notice that pursuant to the 1874 Pennsylvania Constitution (as ratified without subsequent amendments) Article 1 Section 10: “No person shall, for the same offense be twice put in jeopardy of life or limb nor shall private property be taken nor applied to public use without authority of the law and without just compensation being first made or secured.”The taking and injury of private property must be compensated.