Asking in the correct forum will get a better response.Read the RULES!

You're 100% correct, as always.

If it's on your credit, you are on the hook for it.However, it shouldn't effect the loan process too much, a simple Letter Of Explanation should be able to get the job done with the correct investor. 

I think this will correct itself over the next 3 - 5 years but it will make cashflow tight or negative until then.I have a great contact of a Realtor that works primarily with investors who has represented a few of my borrowers that I can share with you.

Once you build it correctly, you can offer it to other investors as a service.

Both answers are correct.

I can’t r ember where the link is to lists but if you google it it should come up on hud.gov somewhereThat’s correct.

Yes Mike, that’s correct.

Was I correct in my statement?"...

Is that a correct assessment?