When the promissory notes are signed, they state "For a Loan I Have Received."

Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

Sometimes the trailers I buy do still have titles on them, in which case we either have the seller cancel the title with the DMV before we close, or we have them sign the title into our name, and then we cancel the title ourselves.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

And I have a tenant locked in for a year at $1400 (they signed a year lease right before the house was put on the market in December).

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find. 

If you see at least a few zoned in the designations you mentioned above, that's potentially a good sign that you can get support from the local Alderman's office, and approval by the ZBA (zoning board of appeals), to rezone.

Quote from @Noah Bacon: Quote from @Courtney Nguyen: @Noah Bacon before I sign up for PRO membership I just want to confirm that it will give me free access to Stessa PRO also, right?