How many tenants would qualify for rentals if you couldn’t depend on them collecting minimum wage for their labor so they could pay rent?

It also might not qualify for some popular second home loan products.Lastly, it’s important to note that this COA is currently undergoing assessments for renovations, which may influence purchase prices.If you’d like a list of all the properties for sale here, please let me know!

The first of course being ability to repay (which borrower should qualify for in this instance since their payment is going down), but more importantly is the loan to value. 

You will just need to make sure you are able to qualify for a refinance depending on the loan balance to payoff your parents  

I have CPA but he is very conservative and I believe I am not getting full tax benefits But neither me nor my wife qualify for real estate professionals I will call you tomorrow ThanksJagan

When I followed up and asked for a specific reason (thinking it might require an additional payment towards principle to put me under the threshold) they wrote back informing me that investment properties do not qualify for automatic termination and that PMI will remain for the life of the loan and if I want to remove it I can look into refinancing. 

However, many of the portfolio lenders will do asset-based lending provided you have qualifying credit and the assets (property) makes sense to them. 

Closing costs on seller carried transaction are marginal, payments are collected and preferably administered by a third party and qualifying or documentation required is discretionary to the seller.

A year ago if you told me that AI would be making calls to qualify leads and set appointments, I would have told you you were crazy.

My experience (pre-Covid) with section 8 was there were A LOT of people searching for homes with their vouchers but a shortage of landlords either qualified or willing to accept Section 8 tenants.