I am so sorry I am just seeing this now, Ian.

Ian

@Ian WalshThanks for the response, but what do you mean by “working funds”?

Then I sent him the specific ruling on the STR loophole with the 7 tests mentioned by Ian and he then said that in order for me to pass the 100 hour test, I have to have worked less than 100 hours in my W2 which obviously would never pass.

@Ian W.

@Ian Plocky They will look at your personal tax returns and your debt coverage ratio.

@Ian K.

-Ian

I thought I'd share this information from Black Knight Financial:December 22, 2022 Data & AnalyticsPrepayment activity in November dropped 15.6% to a single month mortality (SMM) rate of 0.40% – once again marking the lowest rate on record since before 2000 when Black Knight started reporting the metricThe national delinquency rate rose another 3.5% in November to 3.01%, up 10 basis points since October, driven by a 31K (+3.9%) increase in 30-day delinquencies and a 25K (+11%) rise in 60-day delinquenciesThe delinquency rate in Florida rose another 18 basis points in the month to 3.60% as the impact of Hurricane Ian on homeowners’ ability to make mortgage payments continuesImprovement among seriously past-due loans continues to stagnate, with the population of 90-day delinquencies ticking down -0.2% from the month priorForeclosure starts rose again (+19%) on the heels of October’s increase, but the month’s 23.4K starts are still below the recent high seen in June 2022 and remain 30% below pre-pandemic levelsForeclosure was started on 4.3% of serious delinquencies in November, up 7 basis points from October but still 44% less than the rate seen in the years leading up to the pandemicActive foreclosure inventory rose 5.3%, though 2022 volumes remain subdued after the record lows of 2021 due to widespread moratoriums and forbearance protections

FL duplex was not impacted by Ian (lucky!)