Or to have enough equity to refinance out of an FHA mortgage into conforming with no PMI?

This conforms to the traditional seasonal trend.Rentals - Months of SupplyThe supply for our target rental property profile stands at about 1.2 months, remaining flat year-over-year.

Thank goodness for "existing non conforming!"

The fact that there's only 2 meters on property is a huge hint that the third unit may not be legal or may be a legal non-conforming use.My guess is the property has a main house and an ADU that was once a shed or a barn in the back.

Therefore, we are getting the "pretend and extend" maneuver to make loans conforming, asset swaps, capital calls, and every trick they have in their playbook to push the problem down the road.Overall, you nailed it!

If zoning tells you that it's accepted non-conforming triplex, then go with that.

Hi folks, this has been all over the news and social media so I hope it's not a surprise to anyone but I just wanted to cover all the bases.Due to legislation spearheaded by the RI attorney general earlier this year, there is a new RI rental registry in place that requires all rental unit owners (even short term rentals) to register every rental property and rental unit in the state of RI, by October 1, 2024.The website is www.rentalregistry.ri.gov and you will also need to upload a current lead certificate ("Certificate of Lead Conformance") for each rental unit.The demand is so high that lead inspectors are currently booked out into November and December, so I hope you already have lead paint certs for all your units.

The ground floor is occupied by a commercial restaurant, and the upper floor is designated as SRO (Single Room Occupancy) under a pre-existing non-conforming use.

My homeless seller needed seller financing.4- in some cases seller financing is the only option on non conforming use property. 5- can I say again.  

It allows buyers to qualify with different guidelines than what a conforming loan would require.