Its a great program of you know what the hell you are doing.

I’m not able to personally qualify for cash out refinances.I'm looking to sell my home located in Southwest Florida in a HOA community but want to remain in the home to lease- 3 years or more.Does anyone have experience with this type of program or have any suggestions for me on where to look to get this done.

I'm in the camp of get help from a real person as opposed to listen to more podcasts and read these threads.I'll agree that you need to be very cautious with a "Program".

You will have to meet the criteria but it is doable.There are a bunch of lenders on here that have programs so get with them, like @Jeff Chisum and see what's what.

I have been working in the Cleveland markets for 10 + years with various govt programs, LOVE IT.

They aren't the best when it comes to DSCR loans, but that isn't to say their DSCR program is bad.

I have been able to do this for both purchases and cash-out refinances on multiple deals for clients of mine.Typically your max loan-to-value will be 75-80% LTV, but this specialized program will limit you to 10% LTV/LTC less than what you can traditionally do.

The naca program will permit single home Duplex , triplex , four plex  so you can live with your wife in one town house and rent the rest 

I believe according to the father's will the property was to become his son's who is now also deceased.Both Deed of trusts are in the father's name and the family has never filed death certificates with the county from what I can see so far.It appears the 2nd position Deed of trust will get auctioned at the trustee sale.

Brickell has that same kind of potential, but with even higher rent ceilings thanks to its location.A couple of things to keep in mind as you dive in:Financing: As a first-time buyer, you might qualify for low down payment programs.