I look forward to learning as much as I conform this amazing group and hope to be ready to make my first purchase by the end of the year.

I have looked into getting non-conforming use permits, conditional use permits, zoning use variance requests, etc. but this process could still be very lengthy and I'm afraid this will open a can of worms that will cause the county to further look into it and raise more issues.My main concern/worry is that when it comes time to refinance the property after the (minor) rehab has been done, lenders may not finance the property on a long-term loan due to a non-conforming use of the property.

In the meantime, we would also like to inform you that in conformance with the State of Maine and CDC regulations, our main office will remain closed until further notice.

I know most BRRRR investment properties will not be able to qualify for a conforming loan, but if the property is able to qualify, will it be a problem for lenders to have have a large line of credit on my credit report (for example purposes, maybe up to 45% or 55% DTI.

Almost all HML I know require you to buy the property in a LLC to conform with federal laws.

Also, traditional non conforming loans are typically fairly inexpensive as well.

Understand Dodd Frank when applying credits and lease options; Lease purchase agreements can be a way for sellers to find a buyer, acquiring both a buyer commitment for the future as well as rental income now, to defray monthly obligations; A seller's offer of lease purchase can also attract a buyer who wants the property but needs a little additional time to complete loan qualification and does not want to or cannot make an immediate down payment; terms of payment in a lease purchase should conform to local rental data for comparable homes; the amount paid monthly to be set aside for down payment of closing costs should be in excess of the going rental rate; if not, the lender arranging the mortgage at lease end may not accept the set aside funds; instead, the lender will disqualify the funds by declaring them a "gift" from the seller to the buyer; lease purchase documents should be drawn up with legal counsel to address eventualities such as the buyer not qualifying to purchase at lease end or a market value decline impacting the agreed purchase price and lender's terms. 8.Selling to Relatives - Selling to relatives can be a good option if the seller is having trouble moving the property or if they desire to keep the property in the family; if the property is owned outright, there are few challenges, but if a conventional loan is needed to complete the deal, it can get tricky; creating conditions where a lender is convinced that this is an "arm's length transaction" may be challenging.

The IRA may receive points and interest tax free.You also need to ensure the borrower is not a disqualified person to the IRA, and that the note instrument and process conform with local state lending laws.

Has anyone bought a non-conforming and successfully renovated it with proper permitting?

Have you gone through the process to make it a "legal non-conforming" property or do you just not worry about it because the conversion was done before zoning?