@Ewa Reza  Banks exert the same amount of overhead per loan done and there are fixed costs usually around 1200-1500 flat on each loan done plus you may or may not pay points depending on the market rate on any given day.Mine min loan amount is 75k and by exception I can go lower but just a little explanation on why you might encounter this resistence with a smaller loan amount.One way a bank will combat much smaller loan amount is by charging a much higher yield spread premium which might cause your rate to be higher.

Also, would love suggestions for team members in the TC, Toledo and Detroit area (affordable attorneys, property managers, accountants, etc..)Thanks for reading the long-winded explanation but I figured it would be easier than a bunch of smaller posts.

That was a good explanation, and I'll certainly use that advice on using the renter with the longest time with the same employer.

.- thanks for the explanation in detail, that really what i needed.

We then received a letter that clearly had a backdated signature with an explanation of the deposit.

@Cliff Zarbock Great detailed explanation. 

Since the OP didn't ask a question about the differences between FM and RM REO, I didn't bother to offer any explanation or clarification.

Awesome explanation, great detail!

 What @Jaysen Medhurst said is a great explanation. 6 month seasoning is the most common.

I can only say that this explanation is the most logical one I've heard.