For example, if you want credit scores above 600 but you accept a 580 once, you can never in the future decline someone with a credit score between 580 and 600.The gray areas…I like a credit score above 600, I like my tenants not to have bankruptcyI like my tenants not to have a lot of debt (such that payments impact the Gross = 3X number)I like my tenants to have a history of paying on time Here is a scenario:  Tenant “X” gets past all the instant declines.

With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank as scheduled per the original MortageHow can the new buyer do a wrap (#subject to) with the #first #lien for the underlying mortgage where as the Seller equity is in the second position?

Also, the builder is going to need periodic payment draws as the project progresses.

If you're looking to leverage a mortgage, plan on a 25% down payment for a condo/townhome... the vast majority here are non-warrantable. 

He also states they don't have enough for the down payment (which he says he needs $230k for the downpayment).

Would I assume liability for non payment?

During Covid  other loan types got modification deals, not so much with VA loans.Department of Veterans Affairs is going to review every file with one late payment and check the deed, check the fire insurance.

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

I have family in Fl and grew up there.I have enough saved for a down payment, FHA or conventional up to 50k.

So essentially, if you use that loan product, you wont have to worry about "using up" your low down payment loan quota.