. - so again selectively choosing to pass on the debt to someone else without taking 'sacrifice' for you situation under your own wing... is a choice. 5 - One of our managers was trying to work out a deal with a tenant for deferred rent and contacted the employer to verify the situation before approving the deferred rent plan...

I am in the process of getting my Pre-approval to buy my first property.

If your zoning application WAS approved, you would then have to submit signed and sealed alterations plans by a registered architect that demonstrates that the conversion meets all current codes, including existing building, Architectural life safety, Electrical, plumbing, mechanical, energy and fire protection.

I have had clients do so crazy stuff thinking they loans is 100% approve before closing.   

I just heard that the feds are hoping to have the banks be able to approve and fund the loan the same day. https://disasterloan.sba.gov/e...Also call your mortgage provider 

You could not delay the closing because of that due to COVID unless the repairs were required to close an FHA loan or to get occupancy approved by the city.

We would make sure of the product and that the pre approval was real.. then we required 1k down and would fund 100% of the rehab and buy of the property.. 

The government just approved a 2 TRILLION dollar stimulus plan so I'm not concerned about the tenants paying rent. 

We are also hoping to start building our personal home this year which we will be needing to get approved for loan (we’re both self employed), and didn’t know if having another mortgage on this investment property would hurt our sent to income ratios.

After the loan was executed 2 years ago I called the lender after the first payment to process a quitclaim deed and they did not approve.