I would rather have my tenant living for free than leave it vacant for an extended period of time because of the risk of theft and vandalism. 

No allowing borrower to put second position loans behind you... this creates issues if you have to call the note.. you cant take a deed in Lui if you have a second and they won't release so it forces you to the full foreclosure process.LTVs are personal choice.. if I like my guy or gal and have tons of experience I can do 100%  no problem but I get paid handsomely for being their money partner not just HML rates.but for this post as low as LTV as will make the deal work is what you want.You want borrower to have some skin in the game ( unless as stated you have a multi year track record with our borrower).. the more the betterPoints and rates..

The privilege of living off post is extended to SSGs and above unless married.

Sensing this was a scam I suggested I put the $450 origination fee in escrow and when I get the loan I will release the origination fee.  

No grace is being extended.   

I try to make my decisions based on this question to determine how much to put in or not put into my unit.You can extend that question to almost any addition. 

@Levi Bennett Yes, there's also a third type now that guarantees income for an extended period (12 months).

For a more finished high end look the metal trim would have to go and the upper cupboards would extend to the end of the counter or the backsplash material continue up the wall.

So fixate on that first and the skills will fall into place.( Don't forget that FHA has extended PMI for the life of the loan.

He could do this by extending closing until I bail out or not completing the place to spec.I am wondering if anyone has been through something like this and if they have any advice on what options there are.