I'm looking in South Lake Tahoe (CA) and Stateline (NV) area that are VHR (vacation home rental) eligible to live in and house hack, then use as rental property if I have to come back to CA for work.Question is, would there be a great impact if I bought property in Stateline, NV instead of South Lake Tahoe, CA?

Typically a second with negative equity only gets 5-10% of UPB.One of the keys to a short sale is anticipating this, and having the buyer agree up front that they may have to kick in another $5k-$10k above the purchase price to help satisfy the difference in what the first is willing to give the second verses what the second demands.Also, shorting one of the loans has the same negative impact on the seller as shorting both.If you DO ending up booting the first buyer (I never did, I worked them to the end) your other buyer should have an offer of $235k (not $245k) and be willing to pay up to the other $10k toward the second, assuming that is the problem.  

I have engaged in gathering information from one of the vendors listed on Fannie Mae’s website but this is new territory for me and I would like to hear from others who have successfully navigated this process.Specifically, what surprised you about the process and were there anything you wish you had known about upfront that would have impacted your decisions about using this financing option?

One potential renter is a highly educated social worker who was recently impacted by a COVID-19 related layoff.

She brought up good points such as the industry of the potential tenant, and the risks that their job would be negatively impacted by a second wave a covid, work history, rental payment history, etc.

Not sure what impact this virus is having, but it is tempting to think there has to be some effect, right? 

Impact on the income and profitability is not a hardship or valid argument as they will point out that you knew or should have known the limitations and restrictions regarding the zoning prior to purchasing the property. 

How will it impact my mortgage rate that is fixed and for primary residence?

Future income/expenses and especially depreciation will certainly have an impact on future gains realized and recapture, but from a purchase transaction standpoint it is not a problem to execute in this manner, and it wouldn't create any future basis problems as a result of the execution as opposed to taking another route to purchase.

Wanted to get folks' thoughts on how COVID-19 and students doing more online classes will impact the rental market, even in the short-term, in London.