Typically the transactions is closed in an LLC and members will need to have at least six months PITI in reserves, sometimes for each property they or the LLC owns..So what about rates?

Having sufficient reserves is a given. 

Is the coa well funded and good reserves?

New laws are forcing condo associations to get their reserves properly funded as most have not properly funded reserves for years.  

I've seen lenders exempt years spent in college as "work history" but the borrower would still need to have sufficient funds/reserves and a solid credit score. 

Also, when residing outside of Orlando, it would be advisable to take the service of a property manager or there are mixed options that can take care of the publications / reservations and hire a cleaning / maintenance service.

Hi Steve,I am certianly no expert but I believe the P&S agreement on a Sub 2 is not necessarily entirely different to a standard P&S agreement but I have seen Sub 2 versions to have verbiage such as the excerpt in the sample below, in addition to all the other standard clauses/ sections - as with anything, I would suggest you run this past your attorney to confirm it works in your state/ for your needs.

Also remember even with a high amount of financing, the lender will want to see you have reserves to cover the project in case it goes over budget. 

Getting creative about using your primary as a chess piece for your investment journey is just fun and probably the best way to hit the fast forward button on your investment journey (so long as your reserves and marriage are strong enough to handle it).

If you are showing property only to one interested party at a time, I've found it best to tell them to call 30 minutes or an hour ahead of the showing to confirm they intend to show up.