There were 2 separate individual (non-connected) houses on the lot.

In those cases, one of them ends up being the actual tenant, with financial responsibility, and the other is an authorized occupant under the tenant.

@Calvin Lipscomb Jr There’s only so much you’re going to learn on here and the majority of individuals on this site don’t even go into those areas.

The more individuals you have in the household the more space you need to eat, so you need to make sure that your kitchen is big enough to seat everyone.

Now that this isn't allowed, individual LOs just make up overlays to turn that business away entirely.

@Bill Hampton if I may ask a follow up question, at what point should an individual consider using a CPA versus doing it themselves?

✓Requirements for a Delayed Financing ExceptionThe original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.

Hello all, I am a new member to the forum from Northern New Jersey. I am seeking advice on a situation with a tenant. My wife and I bought our first home in 2015 which uniquely came with a tenant whom rented the ...

The current manager of my complex has been keeping the rent the same but tacked on a surcharge to cover water  (water is not metered to individual apartments) and property taxes.

Also, it's hard for banks to sell to individuals off market because it shows favoritism (it is favoritism) so to reduce liability/impartiality and increase transparency banks almost always go through a 3rd party broker.