This process is extensive, requiring community engagement and approval from the City Planning Commission and City Council.Given the predominance of multifamily residential properties in your area, there may be a precedent for such developments.

Currently FHA is offering no doc short sales through 4/2025, so you wont even have to provide any financials to get your short sale  approved.

Just curious, how did you get a 9-unit under contract without a pre-approval or proof of funds?

With Tenant Turner, we can set specific requirements that prospective tenants need to meet before they’re approved to request a showing—such as rent-to-income ratio, pet policies, and other key criteria.

Also, find a copy of the short sale Approval Letter from your lender and read it again, thoroughly.

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

The more you show on your paystubs, the more lenders will approve you to borrow and the faster your savings will grow.  

Yes, as an investor, you can request an extension with HUD, though approval isn’t guaranteed.

Some surrounding suburbs still allow it, but the only way to have a new STR approved in Waco city limits is if it's in multifamily or commercial zoning.

I haven’t found any types of jobs or maintenance that the property manager approved that seemed relevant but will keep looking.