The reason this is preferred is because your group-home rents will be much higher than the long-term market rent on a 1007 appraisal.Answer: Nearly all residential 1-4 unit DSCR loan programs will utilize the lesser of 1007 market rents and in-place rents.

For the record, I'm a real estate agent but I keep myself informed of the different lending programs out there so that I can pass that knowledge on to my clients. 

As to taking advantage of novice investors, only a very small percent of people who buy ANY real estate investment program at any price ever start trying to put it into practice.

It requires more effort but can significantly accelerate your portfolio growth.Down Payment Assistance Programs: If upfront cash is a concern, look into down payment assistance programs.

Asking is $200K, my relative (buyer) looking to put 20% down.He is pre-approved for the amount, lender has prepared both a conventional loan and a mass housing loan option for first time buyers.Would be purchasing as an owner occupied "primary residence", rates are decent under both options.Condo is currently rented, tenant lease expires the end of August - roughly 4 months.Lender says both loan programs require buyer to occupy the unit within 60 days, to qualify for first time buyer deals.Is there a way to get them to extend this to 120 days (4 months) until the tenant lease is up?

looking for the most user friendly app / platform

I don't know what you're using for all of those functions now, but it's really awesome to have it all in one place.  

If you need to improve your credit score, we can introduce you to a credit repair program we work with.Concerned about qualifying?

The CMHA payment standard refers to the maximum amount that the Cleveland Metropolitan Housing Authority (CMHA) is willing to subsidize for housing assistance programs, such as the Housing Choice Voucher (Section 8) program.

I am very familiar with the NACA program.