Government is created a new security product for modified loans through GNMA that allows loan modification out to 40 years.

If you are a registered loan modification specialist you can assist them in applying for a loan mod.

In contrast, mid-term rentals have fewer turnovers, resulting in lower operational costs.Less legal and regulatory complexity: Some cities have strict regulations regarding short-term rentals, which may necessitate permits, taxes, and compliance with specific rules.

Major plumbing, electrical, and structural modifications with no permits and probably not a single licensed contractor in sight.

No one is talking about unabated trading, or necessitating the "suckers" comment.

:D Ok so here is the deal, house is severely under water, according to several sources of preliminary appraisal, haven't run an actual one yet.Appraised when bought 130,000purchased 110,000 no money down.Fannie Mae loan.Current market value 75,0007.35% total payment 1,036 (includes everything)So refi is out of the question, my best bet option that I am working on so far is a loan modification, however a deed in lieu of foreclosure is also an option, as well as forbearance.Best case scenario is to lower the payments so that I lease option it to the current tenant.What I do not know is if there are tools or resources that I can use as leverage when dealing with the bank.

Please check it out and let me know your thoughts. the way we are structuring the water fall will be as follows;a) Principal repaymentb) catch up on losses and partnership expensesc) management fees (general partner)d) preferred return to investors (limited partners)e) performance fee split between operators & fundf) fund splits on equity between general partner & limited partner.I still need to make some additional modifications but this should give you the overall perspective.thankshttp://www.biggerpockets.com/files/user/LuisDanielRoque/file/fund-waterfallLuis

What are you new guys on the site thinking are the best landscape modifications?

It was good, but lacking on modifications.

We did not close the next day, as scheduled, and the Closing Date Modification expired that day, BUT that does not release the Buyer from the purchase agreement.