Hi all--thanks for all the great suggestions, especially to not confront him as to why, let him re-apply if he really wanted to (but by then he'd be out of the place and living somewhere else permanently).

On a permanent foundation, if that's the case.

Per FNMA guidelines, borrowers must meet one of the below:A) be a US CitizenB) be a Permanent Resident AlienC) be a Non-Permanent Alien with authority to work in the US and proof of current US residencyD) be a Foreign National from Canada or Mexico working under NAFTA.However I believe lower LTV would apply to Foreign Nationals.

Currently looking to refi my permanent residence. 

I will be traveling to ATL at least once a month for the next couple of months with the intent to move there permanently sometime next year.

Shark bites are not permanent solutions...

But to tack a $10k fee onto a deal that's already thin (using the 70% guideline) just smacks of greed (or stupidity, or a fundamental misunderstanding of what an investor buyer is looking for).Pigs get fat; hogs get slaughtered.

Bill,You make sense and yes I had a real estate agent turn me in for buying and selling notes without a license and as of today the real estate agent license was permanent revoke for making false and misleading statements to a federal agency and yes the federal agency did pay me a visit and went over my books and said case closed no wrong doing and that was December of last year.

If you did the same deal on a single family, were able to avoid the $340 (permanent fixed cost), you would budget like $180- $200 for maintenance cap ex and vacancy (only a cost if those expenses arise).

They permanently employ about 600 local people.