The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.

In 2020, it came to a near complete stop.Banks go through the foreclosure process typically taking 4-8 months.

In that case, would the renting process be a bridge to help you retain the home for future personal use? 

Some thoughts that go through my head......Who do you contact to get current values, after renovation values to see if this process is even worth it? 

They listen to what you suggest and continually improving their software and processes.

However, the process was extremely cumbersome, communication was inefficient, and the loan fees were inflated compared to other deals I have seen from fellow investors.We will be ready to begin the refinance stage of our next project in the coming days, as renovation is finishing up and we are screening tenants.

Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? 

If you would like to avoid that process, then you can either close with a portfolio loan or DSCR, and just vest title in your LLC from the beginning @Lau Cor. 

The process is easy:1) You’ll receive a disarmingly simple one-inch-thick three-ring binder containing your plan documents.

You'll definitely need more time to get things processed.