Great mass mailer product!

Running a syndication is a business and you have the responsibility to deliver a good product to limited partners.

The rule is that you must have acquired (constructed) unit B with the intent of holding for productive use. 

Fannie Mae generally requires lenders to obtain a two-year history of the borrower’s prior earnings as a means of demonstrating the likelihood that the income will continue to be received.However, a person who has a shorter history of self-employment — 12 to 24 months — may be considered, as long as the borrower’s most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.

He pleasantly declined, stating that he could get far more if he listed it.

The FNMA product used to be a no-brainer because of the rates, but now you can get a 30-yr fixed rate, 30-yr amortization in an LLC.

This is a separate loan product from conventional (Fannie Mae and Freddie Mac loans). 

A liquid additive like the following might be just the ticket:https://www.homedepot.com/p/Custom-Building-Products-StainBlocker-32-oz-Stain-Resisting-Admixture-Additive-for-Grout-SBG32/202525433 If you're looking for an off-white grout, I would feel confident recommending either Antique White or Bone with the above liquid additive.

The 'new' debt service coverage ratio (DSCR) driven products are more attractive, though, IMHO. 30-yr fixed rate, 30-yr term, rates in the 4s (right there / better than banks) and no debt to income ratio BS.

I lean toward areas close to colleges and the downtown scene because they tend to be highly desired and, in the event of a decline, they are the first areas that the city wants to improve.