There are plenty of good folks who just live in blue collar areas.

Hey Ryan, I know there are some folks that provide this service but I'm not sure exactly how it works and how much trust is involved.If it's any consolation, I wouldn't sweat it too much.

I will say, I often see folks create more complicated checkbook IRA LLC structures when they don't need them.

The other thing about VA assumptions is that the seller's (veteran) VA entitlement will remain encumbered unless the new borrower is also an eligible veteran with sufficient entitlement on their COE. 

I can see sharp investors talking to these folks and just basically talking the seller into cancelling and coming with them as they will pay more..

Dave I dont know about these folks but I know my community bank would look at this.

You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

I checked online and generally folks say Bank of Texas or local credit unions.Thanks! 

So I have gotten a few PM's about folks looking forward to what I see for Amazon Prime Day.

With this being such a new strategy there's not a lot of info out there, and even fewer folks who have already executed it successfully.Congratulations and thanks for sharing!