If you take it, the prepaid rent would sit in a holding account and be recognized as rent one month at a time

@Randy MannYou will need to find a private lender or partner on these dealsAlso recognize that when you go to refinance it probably will not be in a year as the lender will want to typically go 75% max and chances of that type of appreciation in 12 months is very very low

We applaud the VA for recognizing this danger and acting swiftly to protect veterans.”Link to article here: https://finance.yahoo.com/news/va-roll-temporary-fix-buyer-2...Hope this is helpful. 

This was proven over Covid where the 45 minute rule shifted to the 1.5hr rule when people did not have to go to the office every day.   

Now, add to this what I have just proven to you.

@David Flores I think they make the owner qualify for the fha loan by themself unless there is proven rental income from a second unit with a signed lease in place.

s bring a wealth of knowledge and proven track record to the industry.

I did so because at the time to purchase the property was about half the cost of renting, and there were no STR regulations in Curry County or really beyond..I recognized early that the regulations that quickly developed to restrict my BNB business in Los Angeles were likely to reach other areas and by being ahead of the curve, could own a long term vacation rental, in a land I wanted to be anyway, before there were rules that would prevent that goal. 

@Nathan FrostThe advantage - some will do 90% and 100% construction but recognize your signing a personal guarantee and will be paying 10-12%+ for interestBenefits of a private lender are speed to close, creativity in cross collateralizing etcThere are a lot of people on BP that think oh private lending is less strict than banks and easier to get.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.