All of this stems from the lender trying to avoid their own liability on the property and serves as a good layer of protection for you.As a tactic you can always ask when the borrower is moving out and don't close if they have property in the home.

If you can find a way to move into a higher price point and avoid these issue, I would.

But for now, I'm going to build a team by networking and research effectively on way's to avoid mistakes.

I know they will go a bit under FMV to avoid the costs and maintenance of holding a foreclosure, but I have never heard that discount to be a huge.

There seems to be a belief that lending to an entity will avoid SAFE Act issues or associated problems lending to a homeowner directly on residential real estate.

This avoids situations like the one you found yourself.

Avoids frozen pipes.

Same if you're doing flips in your traditional IRA.I believe that Roth IRAs may avoid this tax.

The insurance provider has a responsibility to put the lender on notice in the event a policy lapses as insurance coverage has to be declared when in place and not in place so the insurance company avoids its own liabilities.Whether the borrower wants the mortgagee on the insurance or not is irrelevant.

No matter where you get your training, or how much you spend, there are critical aspects to YOU that make the difference in your success.Thanks so much for the post.