This is generally how I have seen it done but it could be at the underwriter's discretion and they are going to take into account the overall strength of the customer.

My suggestion is that you convert your youth into your strength!

It depends of the note, rate, payments remaining, payment history, property (and condition) as well as the strength of the borrowers and operations.

We have areas like Orange County which is doing relatively well, and is strong in all those things I mentioned, and other areas that have unemployment up around 20% still, with no economies to speak of.As the market picks up in the more stable areas, and grows to full strength again, people start looking at investing in 2nd homes, etc., and oftentimes those homes are in areas that are great tourist areas, but were very hard hit in economic downturns.

Find your unique strength from your previous experiences or your aptitude and then go for it.

Don't be afraid of a reputation that's 25 years out of date.If you're looking to get plugged in to the community, I can think of no better way than my gym, Tacoma Strength.

So find out what your strengths are and then hire out the rest of your help.

My strength is definitely not finance so I'm sure I'm missing something obvious that others see easily.Input from others greatly appreciated...

Then committ to becoming excellent at it.Look at your strengths and what you enjoy, if you have an amazing ability as mentioned to create and build things, I suspect you will be much better off using those to build something, than you will be sitting through real estate classes That potentially bore you to tears, and teach you not much about rehabbing.A man with one watch knows what time it is, a man with two or three is never quite certain.

Also, length and strength of leases.