Maintaining continuous communication and being meticulous in supplying the documentation that their Underwriter requests are essential for a speedy closing with Metro Flippers.

However, even with a judgment, your personal residence will typically remain safe.

It seems like "most" lenders (at least the ones I've talked to) don't like the idea of rent-by-the room on a primary ... so they can't count my income on that particular property and they are requiring a 1 year lease on the whole house instead of multiple mid-term leases ... so essentially they want a long term lease.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

Commercial loans are typically shorter terms with a balloon payment at the end of the term and are more strict regarding the cash flow and investor/owner finances/assets. 

@Ruth S.If you are the borrower typically your private money lender drafts the agreementsThe docs we use are standard except for the security instrument as that changes by state as some states are deed of trust and others are mortgages

Your team is the most essential piece of the puzzle.

But remember bank appraisals are still typically low, so you probably have some wiggle room there.Can you add more equity into the property by fixing it up, or adding amenities that it does not already have?

Typically, this would be lenders or mortgagees so that they are notified in the event there is a lapse in coverage or a non-renewal.

I've always thought investing via HELOCs were risky, and now only more so as the rates are typically adjustable and would not be very high.