For a refinance, I'm told as little as six months is acceptable if you have documentation of the changes leading to the increased NOI.

However, my bet is that ten to fifteen years from now these may very well turn into high-density section-8 tenements.

I'll bet all five of these houses are sucking several hundred apiece out of your pocket.

You're losing money every day you hold it because of the monthly loss.What you're betting on is appreciation.

That is, does the rent-buyer understand that we expect them to refinance and take the option to buy?

In other words, can I offer $200,000 bid and go to the lender to let him approve $230,000 so that we can cash out the $30,000 for rehabbing and cosmetic upgrade, etc.If not, will lending money from Private and/or hard money lenders and re-finance the house within 3 months of closing and pay back the private or hard money lender work?

If they allowed the assumption, they would benefit by keeping good performing loans versus loosing them if I have to refinance.

You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.

(Makes me feel claustrophobic just thinking about it :badwords: )I'm betting the septic system is going to cost a bundle with all the new regulations around here...

Your best bet is to review a self storage rental agreement, and work from that.