What types of properties you can get conforming loans with.

When you cash out, you are taking out a new, conforming loan on the property.

The cost associated with completing those corrections should be in the contract, but not necessarily spelled out, but definitely absorbed into the fixed price.Depending on the size of the civil engineering company's design staff, it should take approximately 1 to 2 working-day weeks to turnaround a plancheck if the design was done within substantial conformance of the design standards of the governing agency. 

Mortgages that meet these rules are called "conforming mortgages." 

Thus if a manufactured home was moved from private land or park land to another location, it cannot be financed through conforming lending institutions.

Both BankNewport and Freedom National are portfolio lenders so don't need to conform to the federal agencies, i.e. their underwriting standards are not as strict.

In the mostly low rental areas in NYC but are easy to get to Manhattan or good areas in Brooklyn, Landlords would rather rent short term than to rent to an unqualified tenant and potentially get into a court case, this is ASIDE from making better income on the STRs.That also reduces the supply of available apts.Other issues that has not been addressed but was touched upon when over-consumption was mentioned is that in these rent regulated buildings, there is usually a high demand for services, which will add to a landlord's expense, such as older residents demanding more heating despite conforming to heating laws (BTW, this isn't every landlord...

Not many because it doesn't conform to the 1% rule.Now... imagine you bought 10 of these properties with $1 Million Mortgages.Instead of making an average of $33,333 per year you are making $333,333 per year.Can you live with $333,333 per year in equity building up and breaking even on your cash flow?!

If you're looking to refinance into a conventional, conforming loan, then you'll have to wait out the 6 month seasoning period.

@Robert LindsleyThere are many properties that are legal non-conforming.