Few others are saying mortgage owner needs to be named insured and otherwise the bank won't agree.The owner is the LLC and should be the name insured, and you could add yourself as additional insured.However, as the mortgage is under your name, the change of the name insured may trigger some issue with your lender and a due on sale clause.

More than likely the sale amount triggered a reassessment-price went up-it happens all the time.

However, when it was time to pull the trigger THEN my mortgage company tells me I no longer qualified due to the income from the property.

Worry about the paperwork after you pull the trigger.

So it’s not a JV.Is there a threshold from a compliance standpoint?

About to pull the trigger on a deal. 2 bed, 1 bath, den - 900 sf Baltimore MD Purchase Price -$65K / ARV $160K minimum / Seriously considering adding another Bedroom or bathroom to make it a 3:1 for an ARV around $180K+ The HML analysis indicated a max loan of $112K but is only covering up to $23K of renovations.

I had my FHA loan for about 5 months when the FHA came out with the FHA Streamline refi process and that triggered a slew of mailers from a wide array of companies.  

Almost 18 months of saving myself poor and I'm about to pull the trigger on my first offer on a duplex/house hack. 

Reading your posts are very inspirational because it shows all you have to do is take action and not be afraid to pull the trigger.

So the actual holdup for most folks is just pulling the trigger on a good deal.