So, like a fool I paid the seller $100,000, signed a lease option and the seller agreed that I could remodel the house.As soon as I started remodeling the house the seller filed a lawsuit stating that I destroyed the value of the house and claimed he could no longer get a loan against the house I was purchasing.

I am a dog lover and will allow dogs once approved (will be charging a pet deposit and pet rent) Do I remove the doors as they look terrible or do I keep them in hopes to have the dog not destroy the house?

Some Loan Officers will do these, others wont waste their time doing these because of the cost to them and the time it takes versus the borrowers that don't need a boost.

I mean, could the property be destroyed by a hurricane or flood?

I am not familiar w/ the property management license he mentioned that some states have so I wont speak to that.  

The small amount that won't require PMI would be Non-QM but generally that wont accept less than 20% and then maybe some local credit union has a unique loan option.

He is a fellow investor and lender that wont trigger "Due on sale" clauses.

Sellers hate extensions and wont always give you one, and your earnest money can be at risk.

On that note, my Fiance was putting in offers in Pcola for another place and even though we had a super strong over asking price offer they went with someone else due to the worry that the appraisal would come in low (For VA you can't buy a property if the appraisal is below your offer, conventional you can just bring that extra cash to the closing table if you want but VA wont allow it, so you're kind of at a disadvantage now if you plan on going VA).

@Matt Stricklen That's ridiculous they are absolutely destroying the Austin housing market.