Can you specifically explain how you avoided/circumvented the current standard seasoning of 6 months for a NOO loan (non-owner occupied)Have you had success flipping to a retail end user and avoided seasoning issues of the standard 3 months on FHA loans?

If I am going to hold a property for a tenant, I make them put down a non-refundable deposit (which will become the security deposit when we sign the lease) and sign a "Deposit to Reserve Rental Property" form.

A nursing home is a long-term care facility licensed by the state that offers 24-hour room and board and health care services, including basic and skilled nursing care, rehabilitation, and a full range of other therapies, treatments, and programs.

Altogether, this is a very interesting letter and one that is written from a non-US point of view that I think you will find instructive.

I get disgusted each time two non-relevant (in my opinion) topics get brought up in elections.

When the lenders saw the financial condition of the HOA (lack of reserves) and number of units either in foreclosure or non-owner-occupant, they backed away and refused to loan.

If you figure out how to do that in a non-threatening way then you stand to be the one left when they want to actually use a Realtor.

Seems to me that during the Clinton years, the economy was booming and the National debt was non-existant.

So I have to hope for other qualified buyers non Fannie which are most here in S.E Mi.I have lots of room in this deal so I'm going forward with the closing date.

If the deal is smoking hot, the credit worthiness is less important, but still considered.Want to remove 100% of using personal credit, you need a non-recourse loan, which the lender bases their decision only on the property at hand.You numbers must be good, and they will usually want at least 30% down.