Do you think the rate you received was competitive with the rates for US residents or do you think it was slightly higher?

The first resident would need to provide documentation from their physician stating the medical need for this accommodation. 

And if you've documented your bank's desire to see this in place  before then you've strengthened your case even more. 

They would require your LLC documents, proof of physical address (no PO box), EIN and your passport (maybe also proof of address for you).Now if you can't go in person to a branch, you may have a hard time not being a US person.

He just mentioned that with the new leases that have been put in place, the NOI would receive a significant bump up.

Hello,My wife is a graduate student who received a surplus from her student loan.

Some precautions to consider:- Make sure the person who is the borrower of the underlying bank mortgage fully understands the implications  of a wrap, as well as the buyer- Consider a 5 or 10yr balloon note (vs. 30yr fixed) if you are worried that the seller may have 2nd thoughts down the road- Buyers should need to bring a significant down payment to the deal so that they have skin in the game- If your state allows a Deed of Trust for the wrap note, I suggest using that document (vs. a Mortgage) as it will put a lien on the house allow the Seller to pursue a non-judicial foreclosure if the buyer does not perform.- The home insurance after the sale (the new owner is the "insured") should retain the name of the previous owner(payor of the bank note) on the insurance as "additional insured" so as to not set off any alarms with the bank.- Use a 3rd party loan servicing company to collect all mortgage and escrow payments and make all appropriate payments to the bank lender as well as seller finance lender.   

Ok, Ive received a call from someone whom is interested in selling his house, he recently bought it in Dec for 65K, according to him he only owes 55K and wants an extra 10K for the amnt he put into the home.

I estimated homeowners insurance to come back around $90/mo, and I've received two quotes back so far.

At the end of the day that is what's going to ensure you always receive payment, especially since you'll be living there.