I don't think that using an agreement that references a previous and still valid agreement (original note) is considered a new instrument that replaces the original agreements.Curt's reference earlier and copied below seems incorrect since there is no "brand new mortgage" IMHO.In BP threads thanks to Bill and other true experts, what's left out is that that work out is now a brand new mortgage that needs FULL Dodd Frank process; full doc, some DTI that you choose, an LMLO and a closing at an attorneys office

Music can wait.  

., there's some pieces that your advisor and all who say this is a very poorly performing instrument are missing.  

Real estate and music are my passions.

The Coachella Valley has Larry Ellison's Indian Wells Tennis tournament, 300 days per year of sunshine and the biggest music festival in the WORLD, 3 weeks in April and 2 weeks in October.

An "Assignment of Mortgage" is NOT the "security instrument".

You can target something as specific as: 32 year-old female dog-lovers with 3 lines of credit, who work from home, enjoy country music, travel often, are currently shopping for a Toyota, and have teenage children.

 I made a little bit of money in the music business (after too many years of trying).  

June and July vacant for 2 months. they start looking in August. other tenants downstair/upstair complained loud music dancing around holiday season. the biggest headache was the bathroom. the drain backed up and my contractor found like hair ball down the drain.

He was instrumental in getting me on the right path toward financial freedom/independence.