We do have small, industry standard, fees (acquisition, asset mngt, & possibly a capital transaction) built in for qualifying for the loan, having the track record, managing the business, finding the opportunity, etc...Again I think it depends on how YOU feel about the terms & your relationship with your partner.I hope this helps!

I’m no expert but my guess is refusing to provide service to an otherwise qualified service member could result in negative repercussions. 

You can qualify for the good loans, manage everything and gain great experience.I got started at your age buying a duplex and living in 1 side, renting the other. 

The third bank (where I had my personal checking account) qualified me for a $60k personal loan on the spot. 

*Provide information about rental rates and other terms and conditions of the rental, as set out in a schedule provided by the owner, and*Accept deposits, fees for credit checks, and other administrative duties, security deposits, and rent*Provide preprinted rental applications and respond to applicants’ inquiries about the application*Show rental units to prospective tenantsAs you can see, a non-licensed, non-resident manager is limited to performing rather routine tasks that don’t call for initiative or decision making.For instance, this manager would not be qualified to negotiate a lease (4), deal with late rents or other violations of the rental agreement or lease (5), or appear in court on your behalf (6).(1) My property manager does NOT live on any of the owners properties.(2) My property manager is unlicensed.(3) My property manager supervises 10 different properties.(4) My property manager has negotiated leases for 12 years without a license.(5) My property manager has dealt with late rents and violations.(6) Unknown

Can I qualify for another one? 

It's just for show, as far as these guys are concerned, the money belongs to the rich co-workerSo it all depends on your personal situation.It's funny that the bank made all this fuss during the qualifying stage, but at the closing, they don't check or care to see where the funds came from.

These concerns include, but are not limited to;A) Your LLC may be required by the local Board to obtain a brokerage license pursuant to Virginia Code §54.1-2106.1.

I agree it is high but assuming you are house hacking a detached duplex you can qualify with a 5% FHA loan (95% LTV). 

HOA board members are generally unable to separate the "insult" of having to carry their neighbor financially from pure business decisions.I think your best bet is to work your deal so that the HOA is paid off in full.