Luckily it was caught, added onto the HUD-1 and I was left with no obligation to it.I've done several Multi family transactions prior to this without the aid of an attorney and was never made aware of this concern. 

try to  get an idea  what lender (s)  has  made loans in the complex in the past few years and then contact them ...you might also  check with the smaller  to mid size banks and credit unions in  the  condos  area  as they may not be as concerned with this issue

They have provided me with current pay stubs, but after calculating their income, my concern is that their total monthly income falls below the rent threshold.

Yes, there are issues of concern with fractional reserve, but that doesn't mean there *aren't* concerns with central standard.

Think about all these questions (and I'm sure there are more) and see how you are planning to address those first before you jump on an out of state investment without lots of experience.

Message me your email address and I'll send you the contract. 

This is something the City of Austin will try to addressed via CodeNEXT.According to Steve Crorey, 2018 president of the Austin Board of REALTORS®, "Last month, economists predicted an upwards of 5 percent growth in median home prices within the Austin area, and we have far surpassed that. 

Anyone concerned about the baby boomers?

@Cindy HurtadoYou may not want to put the property addresses going forward.

So here’s another aspect that’s concerning.