They also put that we have been marketing the property for 3 months, which we just listed it 2 weeks ago so that makes no sense why he would say that or where got that.

In our situation, if the loan gets called it doesn't seem like it would be a huge problem, as we could just pay it off and the list the property and get the equity (probably $30k to $40k after selling expenses, assuming the market hasn't dropped).Thank you in advance for any feedback anyone is able to provide on the subject of a subject-to sale with a USDA loan.Jean

In order to non-renew a lease agreement, the housing providers must have a legally allowable cause AND legally inform the tenant that they are initiating a no-fault eviction on the tenant.This is a major change in Colorado contract law as housing providers may only non-renew (or no-fault evict) a tenant for one of the below reasons as outlined in the new law.Legally allowable reasons to non-renew a lease agreement (no-fault evict):= Demolish the property= Convert to non-residential use= Convert to short term rental= Owner moving into propertyIf the owner IS moving back into the property there are additional specific requirements – including timeline requirements to ensure the property may not be re-listed for rent for a specific amount of time.= Owner selling the property= Substantial lease violations= History of non-payment of rentThe history of non-payment of rent is conditional and specific as to the details and timeline of non-payment.

My initial thoughts are to hire a cold caller, providing them with lists and scripts to qualify sellers.

In March I rented and furnished a 4 bedroom home in Hyattsville, MD for STR and it's doing well so far with 21 nights booked since listing on March 18.

I'd take land with resources & utility as the #1 thing on my list, but if someone said in 2024 that a PML or debt note is superior-- I cannot argue.

A lender doing a business loan can most definitely request those items 

Does any of the time preparing the house for rental qualify or do they have to list it first and then do the work.

I am seeing listings sit longer in this market and competition is lower.

Actually, On a bridge loan he can cash out on a listed property with no pre payment penalty.