It sounds stupid but it gives you credibility.

A "Conforming" loan is a loan governed by Fannie Mae and Freddie Mac (if you recognize those names).

They should have started the pay or quit and eviction process on November 2nd when rent was not received on time.Your friend needs to take the time to sit down and learn the regulations governing his business.

Just a suggestion, you should put a profile pic up on your BP profile, it helps build your credibility.

Start with little jobs, gain some experience and credibility on the platform, and she will eventually develop a consistent client base.

This is not a hobby it is a business governed by state law and legal contracts.

Meaning you can maximize your one time chance of buying a property with 96.5% leverage via a government subsidized loan - Considering the two above over the long term if you buy a multifamily you will have: 1) Created more equity via loan paydown and appreciation2) More cash flow and stabilityIn my opinion you want to go as big as possible when doing FHA.

There is an interesting discussion on "Deposit to Hold in Massachusetts" on the MA Law Forum:https://www.malawforum.com/content/can-i-recover-d...In a nutshell, there does not seem to be a specific MA law governing "Deposits to Hold."

While it may be legal under state law, it is not under federal law, and the federal government can seize your property under civil forfeiture laws.  

Mortgage guidelines like seasoning periods and how much cash you can take out are not typically governed by state laws, although Texas has some rules on cash out refinances.