Banks typically want the operators (managers) and enough net worth to cover the loan, which may or may not be the same array of owners (where managers run, but have nominal net worth bringing in members with net worth).UNDER NORMAL CIRCUMSTANCES, profits are distributed pro rata, meaning if you have 10% of the membership interest, you get 10% of the profits.  

Quite frankly, I have known many smart, talented men and women who choose to never do another rehab after going through a bitter experience on their first rodeo.3.

Although there are some circumstances where you are allowed to request another VA loan within the year (PCS, ETS, family emergency, moving for work, etc). 

Anything can be done no matter what the circumstances we are facing. 

This makes a ton of sense to me and I'll follow through to check for extra beds and living circumstances on the 2nd inspection.

In certain circumstances, removing a large tree from your property could be the best option - but it is not without its consequences.

My long term plans are to either allow my mom/family to live here long term and/or if those chose not to or ended up with different living circumstances, I would rent it out and hold.

Has anyone ran into this same circumstance where being on the board is important to ensure you have a say in the building/complex?

Do you think it is possible for me to get approved considering these circumstances?

Usually FHA loans are for people with challenging circumstances so you should be okay.