Attorneys use to be allowed to do this in my state, but no longer can and this was a problem I ran into several times, them making the assumption the commission was a certain amount.

Is that a fair assumption? 

1a) If that's not the assumption, how likely would they be to give me their rules if I just called up the HOA to ask if they allowed STR?

Some arbitrary but crucial assumptions are needed i.e. how long you plan to hold the rental house, how much you will sell it for.

Cash in, cash out, no assumptions (like CapEx, etc...), no adjustments, which in this case means:Cash in = DP, Closing, RepairsCash out:  Monthly Cash Flow x 12

Yea, that was my assumption too and series provides the separation.

The process of assumption is similar to formally qualifying for a new mortgage. 

Hi all, here's a possible deal I have found, and I wonder if there's any glaring errors in this calculation overall.There are assumptions that they would accept the offer, and I haven't put any forced appreciation in the numbers.An interesting thing I found about this property doing due diligence, is it's a 4 unit residential, but it's on commercial zoned land.

When they use fake maths My assumptions are that either they are ignorant or trying they are to bamboozle me.Even easier provide great customer service and response time.

Steps needed to do follow in order to do this: You would have to close the loan in your name firstProvide the bank with a copy of the LLC documents so they can be reviewedOnce bank has reviewed and accepted them, you would have to have an Attorney draw up the assumption and release agreement and have it recordedThen you could have a new deed prepared and deed it into the LLC.Blog, GuidelinesThis falls under the exceptions:a limited liability company (LLC), provided that the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12-month occupancy requirement for a principal residence).