Definitely a focus area from lenders, conventional or otherwise - theres been a reported uptick in occupancy fraud or funny business lately as rates and values have continued to be so high and qualifying so tough - people are more likely to bend the rules on stuff like this - so this is generally the lender response

Conventional 5% down How did you add value to the deal?

Hi Jeff,I currently invest in Lancaster but due to super low inventory, Reading definitely looks like a viable option.

Typically, when we close with a conventional lender there is paperwork we sign that states we intend to occupy the house for at least a year.  

Conventional or nonQM? 

Compared to ATX where rents are still dropping because of a glut of inventory.  

There are no size limits when it comes to these loans (conventional is around $725k max loan size) and can accommodate diverse assets like short/mid terms.

Is there any type of conventional/portfolio loan I can pursue?

With the higher inventory we are seeing and the rates staying where they are, I think it's a solid time for a buyer to get a deal from a seller that is struggling to get their pricepoint due to too much listing competition and high buyer skepticism. 

To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.