Is this accurate, as I have not encountered anything concerning 12 month seasoning periods, especially for cash purchases.This really hurts my turn-around and portfolio building timeframe if this has become standard (which I have not heard of a 12 month seasoning period during any research nor listening to any podcasts).Thanks!

My income is difficult for an underwriter to understand.

I would connect with top realtors in your market who understand the value of working with a wholesaler and try to figure out their buyer network.

We understand there are 0-3% DP programs, but for the purposes of this post, we are not talking about those.  

Your friend shows good sense and should maybe find a different advisor to help him find money.Knowledgeable private/hard money lenders understand that owner occupancy has virtually nothing to do with making a business-purpose loan.

Understanding these rules is essential for investors seeking to capitalize on the short-term rental loophole while maintaining compliance with tax regulations.

Great Thank you Mark for your asnwer, very helpful.I am looking as something a little more " done deal" thank an option to by as from what io understand the seller can still sell to other parties. is there a close that stops that?

"So, I understand that you're looking to sell because... and you are trying to get... is there anything else you're looking for?  

The other big issue we run into with old homes is window size, so if you are not putting new siding up and have to stick with old window size(non-standard) it will add quite a lot to your budget, just something to keep in mind. 

Here is the actual chart that shows the rents for each income level: https://www.sdhc.org/wp-content/uploads/2023/AMIIncomeRentCh...If you are still having issues understanding how it works - Send me a message.