If it's a larger organization, feel free to inquire about their different staff qualifications.2.

Pay everyone according to their qualifications and what they do. 50/50 is fair, if you read testimonials and etc from BP, most of them say that the money is the least of their worries, in my opinion, in SoCal/CA, it might not be true.

A lot of times it comes down to accepting someone else with equal or better qualifications.

After reading so much on BiggerPockets about investing with little or zero down, I'm still confused about how I should be factoring rental cash flow as part of the Debt:Income ratio requirement for mortgage qualification?  

But let's assume the building met all of my qualifications and I wanted to move forward.Generally speaking, what does the profile of the buyer look like?

You'll find that if you go to the big banks they will need a min of 620-640 fico scores, smaller to mid sized mortgage bankers will have scores all the way down to 500.Banks create the min amount of fico that they would like to take in terms of risk.To answer your question the middle score of the lowest borrower will be used to determine qualification.

The only qualification is the lender will allow down payment assistance.

They'll scrutinize the construction budget and proforma from every angle so make sure your numbers are spot on.IF you set up a quality team, have a good lawyer who understands HUD on staff, can withstand the time it takes to close a loan, and have the necessary funds, you should have a ballgame.Do your DD with regards to how much money you need, ask for the qualifications of the lender's underwriter and how many 221(d)4 loans they have closed.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

He has liquid worth and a fully paid for residence, but no stream of income.The bank would not give him a pre-qualification - any advice on options for long term financing?