That can mean several things.

Of course, his answer is with the property sold, plus several hundred thousand over the years he saved and invested in tax free municipals, it would be no problem.

Just track your expenses on EVERYTHING.At the end of several months you will know your outflow on average. 

I even refinanced several years ago and the loan officer never had anything to say about it. 

As it has already been inferred in this conversation, the training and knowledge of the program is severely lacking.Well, the internet hasn't killed direct mail.

However, I am a member of several different companies organized as Limited Liability Companies (LLCs) where members invest in a project (Single Purpose Entity) or projects (like a real estate LTH company) jointly, similar to (but different than) what you may see in a syndication or investment club investment.

I asked several questions, including that one, in my initial email to the assumptions department for the loan servicer, and the only response I received was a copy of the assumption application package. 

I took a look at memphisinvest.com, which has access to several markets and is turnkey, but was disheartened.

Third, you have several options: a) you can consider syndication but it's a bit small for that; b) think about potentially JV'ing with someone who can bring capital; 3) find a debt partner(s) - just pay a private lender a set interest.

I had a pretty decent amount of equity and am looking for a market that will allow me to spread my risk over several units.