That could involve mediation or court, OR possibly if nobody takes an action you may simply be awarded the EMD back after a certain time period.

I started my career as a commercial banker a long time ago, but have been an independent mortgage broker for nearly a decade.

Don’t ever tell your banker you plan to live there.

As a former banker, you may be able to do a cash out refi on your existing properties to fund part or all of the purchase.

It sucks for us LLs, because if the tenant is poor, LL won't go to small claims to get award, too, and then there's eventually no record.

My brokerage is part of Anywhere RE, we have the biggest names under our umbrella (ERA, Caldwell Banker, Sotherbys, BHG, Century 21) and we have a fantastic referral program that I can hand pick an agent anywhere in the country and interview them for you to make sure they have the qualities you are looking for.

As well as seasoned Banker/Loan officer that can run the proposed numbers to see where you need to be LTV/ARV and number wise.

Start collecting contact cards and fill that phone with everything from plumbers and painters to bankers and lawyers. sorry this is so long and drawn out.

I pushed the deal forward with multiple banks understanding that there was a good chance a banker would get pushback from underwriting later in the process.

Bankers will be asking for proof of this filing as you get loans in the future.https://fincen.gov/boi