@Ned Carey with an engineering co-op it’s not consistent income because it’s non continuous rotation until I graduate and once I graduate then I’ll be a regular full time employee.

Others specialize in preforeclosures, probate, tax defaults, non-owner-occupied, etc.

Account Closed a few questions/thoughts looking at thisYour loan points don't look right - I doubt you're paying 4.6M points on a 187K loan ;)Your interest rate may be a little low, especially if it's non owner occupied; have you spoken with a mortgage broker or loan officer?

You might end up with a non-standard or a surplus lines policy.  

Ie the purchase price is below the tax value Kris-  As Texas is a non-disclosure state, they do not have access to the sales price.

@Jaysen Medhurst If you are a buy and hold investor the potential of 15% reduction in the deferral and the 100% non taxability of any appreciation after 10 years allows you to sell the property and have no tax.

TX = non-disclosure state i.e. assessor makes a "independent" assumption of the fair value of the property and assess taxes on it (in theory).

I once had a perspective tenant apply looking professional and nice, while on social media we could see what type of lifestyle he led (non stop partying and drugs)   You need to be careful why you say no, but finding red flags can sure help narrow down the search. 

Yes, the owner could have "translated" the document verbally to the tenants and had them sign, but that sounds wrong.

Fannie Mae subsidizes interest rates and loan terms, so if you want that subsidy then your LO needs something that can be sold to Fannie, which is where the profit is at in mortgage lending.There are non-Fannie Mae loans that do not care about FNMA rules, but you also lose the FNMA subsidy on the rate and terms.