To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.

I think you've received some solid advice here, and I agree with the majority of posters that $120K seems very high.

We do not charge a fee to our members and we do receive a broker to broker fee, but it is up to the broker to pay the referring broker, and GEG opted not to pay us. 

In 2021, I successfully launched an Airbnb, thanks in large part to the amazing advice and support I received from this community.

So I would buy the home and rent it for a couple of days, and then show the payment receive if you end up not being ready to launch and generate other bookings before the application window opens and closes.I'll direct message you my phone number.

Quote from @Brooke Roundy: Just received my review “Awesome guest!

By the way, the cutoff date is June 1 of each year for these changes.City & County Tax BillsMost Michigan properties receive TWO annual tax bills - one from the city and one from the county.

The borrower MUST receive something of value for the deed in lieu, agreeing not to foreclose immediately and giving the borrower time to reinstate, or providing a modification, is that something of value.I need to clarify that these notes are commercial and investment property, so do not have to comply with residential lending requirements.With a deed in lieu there is no foreclosure, judicial or non judicial.  

At some point, you can start to receive payments( flexible). 3) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.

Keep one mailing address and opt to receive digital notice to one same email account that you monitor.