The Fannie guideline change doesn't eliminate the self sufficiency test as FHA still requires that, it just lowers the Fannie down payment for 3-4 units from 25% to 5% and since Fannie has never had a self sufficiency test you avoid that issue. 

., there are no issues lending to a trust with most lenders.

The guy with 3 posts may be offering legitimate advice having been in your shoes- The guy with 30 years experience may be hopelessly out of date, or even inexperienced with current issues.- The 23 year old who just bought the first house-hack may teach us something game-changing.The “real deal” looks very different in many contexts: THAT is the power of BiggerPockets.

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

I can't speak to the licensing issues, but it sounds like overall you had a different experience than me.

This lady has mental health issues and was having massive meltdowns and unbalanced episodes.

I am an out of state note investor, and have a note that is held in my companies 401K Trust, where a neighbor is suing the borrower in small claims court.   

It definitely needs updating and might have some minor structure issues. 

Hi Miguel, is it about legal concern? 

Mortgage reporting for tax purposes: make sure the owner understands that you will report the payments and that they need to issue a 1098