Personally I will not work with them specifically due to this fee.

Once pre-approved, gather your financial documents like pay stubs, tax returns, and bank statements.

Bank related issues can be prosecuted for 10 years.

.: Property managers, how do you collect rent from tenants, keep your management fee, and send the remainder to the owner without it reflecting as if you received the full rental income in your bank account?

However, you can get loans that are based on the performance of the rental and not your personal income and debt.

The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

I am surprised you found a bank willing to do this.

Essentially the Fund would be our bank that lends to my LLC who purchases the properties.

Gator most of the risk is on the person providing the earnest money.

An appraiser is not going to use single family homes on the appraisal if they do the bank/lenders Underwriter 100% will ask for more comps that are mobile/manufactured to be compared to subject property.