If cooperating broker circumvention comes into play then it becomes a legal issue that would be subject to interpretation by a court of law.

Know how to read and interpret your loan agreement.

However in your case you're really trying to shorten the time frames down to artificially match a flipping model.I'm thinking that your intent then could very well be interpreted that you never had the intent to hold for productive use.  

Does anyone know if I'm interpreting the MD trust laws appropriately?

Sounds like your three addresses are result of a completly innocent situation, but anything out of the ordinary is a red flag as to (a) mortgage fraud or (b) illegal monry transfers or (c) tax evasion.A letter of explanation may be enough; it will be up to the underwriters interpretation of compliance regulations.  

We probably need more info, but my interpretation was he planned to save (not exactly raise) the $2M himself.    

Unfortunately, the law on this topic is rather complex and it's not always to interpret the appellate-court decisions in a consistent manner. 

Your guys's interpretation of me which would have you go and earn more topline, ignoring all else, is just about as far from the actual advice I would offer, which is this:Frugality is key - it matters less how much you earn, and more how little you spend of what you earn.

yep. as said earlier, the laws are important to know. you will learn alot along the way. alot of times, they will leave without being problematic. you dont need to know all the laws, you just need to know where to find them and interpret them. we have what i call "professional renters" among us.

After reviewing the Fannie Mae site, I'm interpreting that the principal residence should be excluded from the reserve calculation, meaning PITI and Unpaid Principal Balance (UPB).