First off, they explained that they needed this because I was applying for a 2nd home and was only paying 10% down and that triggered PMI.

. - syndication objectives: are they monthly cash flow oriented or large sums once in a while?

the lawyer asked.In an article on The Lawyers Daily, landlord-tenant lawyer Caryma Sa’d explained why it is illegal for landlords to enforce vaccine passport mandates for tenants.

Heather,Following what Jason Bott explained and looking at the numbers you gave, I would estimate that the depreciation is somewhere in the 70% range ($100k depreciated value vs $340,000 Replacment).  

I call her up and explain the situation.

Ask your lender to explain to you about such things.

It should be a fairly straightforward discussion, and if you have concerns about the contract you are signing, you should ask to have those concerns addressed and explained. 

With that said, sometimes sellers just want to get out of the property and are turned off by subject to deals.I would try to explain the process to him and see if he bites, playing around with favorable terms such as any DP requirement or loan duration?

The lender is not very good if they didn't explain this to you. 

Just explain to them you have to go in and bring the property up to date.