Is this a unique tax that's only applicable when using an ira as the down payment?

I would also ask them to fill out the same application I require of other applicants.

The idea sucks, the system sucks, the application sucks, the yelling sucks, the  "remove me from your damn list" sucksEverything about it sucks!

If he was to come with me and provide/fill out the required documentation, would he be considered a boarder for the loan application?

@Roy N.I am aware of thatThis conversation was extended further back@Nicholas WhitesideAsked if you can purchase a property under under your personal name then transfer to LLCThen asks if that is applicable in CanadaYou definitely can get financing for your corp but your corp will likely have to be on the offer and not your personally name.

You need to discuss these questions with your landlord/tenant attorney and find out applicable laws and customs. 

Immediately after getting an LOI or contract i request the following items....Exhibit BInventory of property tools, supplies and personal propertyExhibit CService contracts including trash, laundry, extermination, lawn service, etc.HVAC and/or boiler reportsExhibit D Property management license (if applicable)Certificate of occupancyExhibit E Certificate of insuranceInsurance claims history for the past 2 yearsExhibit F Commission agreements with the leasing staffCurrent property management contractAny other vendor contractsOther Requested Due Diligence DocumentsLast 2 years of financial operating statementsA year-to-date operating statementLast 6 months of bank statementsUtility deposit registerUtility bills for the last 2 years.Property tax bills for the last 2 yearsIRS Tax returns and addendums for the last 2 years (as relatedto the property only) Articles of IncorporationGood Standing Letter from the Department of RevenueAny licenses in the name of Sathyam EnterprisesRent roll for the property for the last 2 yearsSecurity deposit registerPayroll recordsEach different lease typeWritten property policies such as pets and parkingInformation on all rent concessionsList of any uncompleted maintenance requestsMaintenance and capital improvement history for past 3 yearsLitigation history on the property for the past 5 yearsAny operation manuals for the propertyTitle policySite planArchitectural plansEnvironmental ReportsAny mold inspection reportsAny lead-based paint inspection reportsAny fire system reports or citations

I also called Shelter and their insurance was very affordable but they told me my rental had asbestos siding and rejected my application.

TLO you have to be a member pass application and site review.

That $3000 is not a "deposit" or "fee" for the loan.Probably the biggest misconception of DHM is that we charge an "upfront fee" If you have a property under contract you can fill out a loan application on our site and we can review it with you to see whether or not both parties feel like it is a deal worth pursuing.