Furthermore, its insurance...If Title is held by a legal entity such as a LLC, it is no longer eligible for conforming residential loans, e.g.

And, with an average time on the market fewer than three days (for properties that conform with our property profile), the only reason we can find them is using our data mining software.

Hey investors,Browsing the MLS and I see a home that's listed as "Legal Non-Conforming".After a quick google it sounds like this home isn't up to code, but it's dated so it has been "grand fathered" in so to speak. 

Tenant was informed no one can live in an non conforming area (basement/utility room) and can only have a guest stay for up to 7 days before having to places on the lease.

So that will be a consistent requirement for conforming loans.

It also validated the claim that rent shouldn't be charged during a pandemic.Vet your *** off.Lay down the law... trust me, it can be uncomfortable at first saying "No" to requests or otherwise forcing a tenant to conform to your rules.

So, at least for the near future you should able to raise rents faster than your expenses.To continue scaling, you might consider using non-conforming/non-residential lending such as a DSCR loan. 

You need to operate them properly to maintain the corporate veil and you won't be able to use conforming residential loans --- don't listen to lenders who say to quit claim the deed the Title back and forth to leave the mortgage in your name...  

After that is complete I will get a partial lien release on the loan so I will have 1.86 acres of MDR free and clear.I have a site plan which has undergone initial review and have made all necessary updates/ changes and it is ready for final submission, and I have a conforming design for 9 - 5 plexes, and roughly 75 parking spaces.

The biggest hit is the fact that legal entities are not eligible for conforming residential loans so you will have to get more expensive commercial financing.