Not very politically correct, but certainly the truth!

I have done this in the past and it went through FHA, however, a few extra documents and signatures were required.

Doug, thanks for the input.There is one extra step with code violation, and that is you need to look up the address of the owner, because often the violation property is not owner occ.What sort of message would you use on a postcard for this?

There is nothing stopping you from picking up a extra job and working more to pay off your CC debt.

I can now use the extra refi funds to go buy a second 100K property.

I won’t let anyone in for less than 3% down, even if it takes a little extra time.

Unless of course the property doesn't cash flow without that extra charge every month.

It is believed to be a fundametal Judeo-Christian philosophy (one of the many we've adopted into western society) but the truth is that if one checks the Bible - rarely was charity of any sort a secret.

If you try to evict for having an extra person, the tenant will usually claim that they are just visiting.

Later on when the LLC is successful, he/she can put in the extra money for the additional 5% if needed.