If owner occupied rates hit 15% again, like they were when I first considered buying back in the 80s, you can bet these loans will get called.

You bet Charles!

Your best bet is to wait for it to come onto the market with a real estate listing agent, wait until the owner occupant period is up and then make an offer.2.

Is it possible to do this?

Example- Buy a house for $40k. Cost 10k to fix it up, then house appraises for $90k. If you put down 20% on the original loan, then you have a loan amount for $30k on a house worth $90k. Ca...

Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.

Are the refinance seasoning requirements the same for a small multifamily property as they seem to be for residential, ie 6-12 months?

My understanding is that the private entity/eminent doman JV would buy the note for $75K, then refinance the borrower for $100K (thought being, if they can afford the payment on a $200K loan, they can also afford it on a $100K loan), and they make the $25K in spread.

Since rates have gotten so low I want to do a cash-out refinance for the fourth.

Pay one down fast, till it is F and C or nearly so, refinance and get more.

You could spend a fortune retrofitting your house depending on what needs to be done, and I would bet that if you had 10 different engineers look at it, you'd get 10 different opinions.