Don't expect any working something out or modification or anything of that sort.Rehab money is usually given to you only once work is done, not up front.  

She was told she couldn't get a loan modification after being on a forbearance plan for the last 5 months.

Some people leave the property abandoned because of possible foreclosure instead of trying for loan modification.

You both can mutually agree to modifications to the current lease but no one "has to" sign it.

Having numerous small equity stakes in properties is a different thing entirely, if that is what you actually mean.Being a lender is all about risk management, which necessitates understanding the investment from every possible angle.

I've used it to list my house, collect applications and do background checks, and also used their rental application template with a few of my own modifications.

I'm testing a modification which will cancel the override if the system has determined no one is left in the unit.

Allow them to "make it their own own home" by allowing some property modifications, within reason.

What modifications would you make to the loan sequencing strategy if you acquire commercial product in addition to the resi product?

Moving forward, I see lenders improving their loan modification processes, working out deals with rented properties to keep cash flow, and short sales.