Hi Jay,Yeah most of the lenders want that forward tenant commitment before they give the money these days.

This is IF there are HomePath properties near you though.The world will be your oyster if you stay committed to REI, have integrity, and never stop learning.

If they could get a loan commitment you might have luck finding an attorney, seeing a commitment might ease their concerns and they can originate under certain conditions, they may be able to justify the client relationship, do a simple estate plan and incorporate the property into the plan.Are you sure your deal is applicable to the regulation?

They make false promises and use the people for their financial benefit with no intention of making good on their verbal commitment.

Yes there will be some occasional upticks, but if you look at the long term trends driving people away they are still there and have little chance of changing.That makes me very hesitant to commit to the long term in these places.

Are they committed to your job, or are they there late and half the time?

Here's an update:My loan commitment was up yesterday.

I do not want to commit mortgage fraud, and I do not want to kick the current tenant out until October.

Since you are going to be an owner occupant then you wouldn't be committing mortgage fraud so I'm not sure what the issue is.

You can't enter into a financing arrangement or a commitment to finance and assign that arrangement, the owner must agree to finance that buyer.I'd think at that price, less than the cost of a car, you need to stick to cash buyers and not suffer the excessive brain damage. :)