The loan does not specify who you have to use for the repairs (even the borrower), but they have to "be qualified to do the work and complete it in a timely and workmaship like manner"The budget would be very important as the funds for the repair are limited + small amount of contingency funds and are held in escrow until the completion of work.If it is a HML than the budget would still be important as you would have had to calculate them as accurately as possible to protect your profit.

I have 4 guys that work for me full time and do most of my repetitive tasks such as but not limited to: painting, cabinets, roofing, siding, yard work, windows, tile, carpet, light fixtures, and light plumbing.

I seem to be in a bit of a no-man's land looking for a lender in this range for commercial (office, retail, industrial) properties.I have been in contact with some banks, some credit unions and a commercial finance broker with limited success so far.

SS fraud claims are running wild and I can see the FAST Act and the CPFA issuing limiting determinations on the matter.Right now, under FAST, IMO these stratigies will only be for owner occupied sellers who are exempt from mortgage origination rules.

I still have the need to login in for PMs but most PMs are not time critical so I can delay responding to them.RSS and widgets are a step forward but a small step for my usage.

Often you are restricted or limited in raising the rent each year (depending upon the funding of the program).

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.

What it really means is many lenders who expect to sell the loan on to Fannie Mae or any other investor who uses the Fannie Mae guidelines will not be able to do so when the borrower has 10 or more mortgages in their name.There are lenders who do not sell on their loans and they still have limits on what they will do with any one borrower.

It looks to me like if I did that, the net income/loss would be recorded on schedule C instead of schedule E, which seems to not be subject to the passive loss limits.

So far, investments have been limited to the properties that we have occupied.