You don't owe the ones you didn't rent to any explanation or anything of that sort.

Search the BP for ADU appraisals to encounter numerous examples.

But how about any explanation as to why all the cloak and dagger. 

Borrow the money interest free and compound onAs always DYOR and talk with your CPA.Melanie:  Yours is a good explanation.

@Michael Dumler thanks for the explanation here.

I work with a lender that allows that as long as we can document some explanation that the borrower doesnt plan on occupying the home as a primary residence.

I’d let him know that what he did was outrageous and demand an explanation for why he’d start a job without everything in writing.

Numerous experienced investors have stated that the syndicator is as important as the property.  

These allrequire applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also requireinformation for the previous landlord of all applicants.

Thanks to everyone for the explanation.