And then non-agency lenders will hopefully follow suit or lead the charge since they can dictate their underwriting standards. 

Location: Chesapeake, VA (large military town) Market Value: $360,000Loan Balance: $245,000Equity/Second position note: $115,000 (30 30-year amortization / 10-year Balloon Payment, 6.5% Interest, $727 monthly payment) - Bringing cash for this would save a ton of money for the buyer.Rate: 2.25%Years Left: 26Current Monthly payment: $1,300 (including taxes/insurance)Current Rent: $2,000Scenario 1: -If you were to purchase with a new VA loan at 7% interest at market value your monthly PITI would be approx.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.

I.e Balloon payments, interest ratesThanks,Court

You may be able to go up to 70% CLTV and qualify based on the market, short term, or lease rents covering both the first mortgage and second mortgage payment. 

The non-profit is designed to keep laws in favor or landlords in MT, and I've had good conversations about tenant issues with representatives there.

I Put roughly $60k into the property during the renovations (which I did mainly myself) and have the receipts for all the tools/construction materials/appliances/etc.I qualified for STR non-passive activity in 2022.

However, it would provide us with the necessary funds for the repairs and potentially a down payment on another property.

Generally, most states are either attorney states (most of NJ for example) or non-attorney states (CA) for real estate transactions.

When they win that lawsuit because the real estate is in the same LLC as that business they can foreclose on your real estate to force payment.

And we have "Property Rules" which are an addendum to the rental agreement and something a judge has never had an interest in reading since all of our evictions (only 3 in 20 years) were for non-payment of rent and not only for breaking our property rules.I posted our Property Rules in the BP File Place in 2014.