A fixed rate loan minimizes your risk.This scheme sounds like some sort of guru or seller nonsense to convince you bad deals are really OK.

Might not be the sort of job you want to do your self, but if you have access to the underside of the floor you can at least see what's going on.

That sort of thing.steve

My question is if I purchase the property as owner occupied, but then lets say at some point down the road I wish to move out and rent the portion I lived in, will this trigger any sort of "due on sale" clause since I am no longer occupying the property?

The general answer to this sort of question is that you need to find out the local laws and be sure you follow those.

This sounds like some sort of hard money/refi situation.

You've convinced the homeowner to submit all sorts of documentation to their bank and gotten a bank to accept a SS.

My company is in competition with Aurora trying to win over a larger portion of the Lehman Portfolio.

In this scenario, what sort of money should I expect to be spending on the property itself?

Sort of goes with the territory, though.