I am trying to complete the required application to assume a VA mortgage loan from my parents.

I had a question I wanted to ask the general biggerpockets community because I felt it could not only benefit my self to know but others.

Do you self manage and go there to collect rents?

@Shea StringertYou can borrow from your 401k up to $50k -other than that  you are talking about self dealing-lending to your self.

In order to get the tax collector to do this, you pay an application fee And you have to pay off all the other outstanding certificates, along with the 18%/yr interest the county gets on them, then the tax collector schedules the auction....takes about 3-4 months.

Please feel free to add any from your markets maybe we can get a directory going of sites that consolidate this informationPermits and applications in NY Metro Areahttps://newyorkyimby.com

If it's a bank or other institutional lender (a company whose business is lending), you should expect they are plugged into the credit bureaus and will report your payment history there.If your lender is a private person, like a friend or family member, or maybe a local person who makes a few loans a year, I would assume they are not plugged into the credit bureaus and the loan won't show up on your credit report.Keep in mind that if you apply for other loans, and they ask you for a schedule of real estate owned and mortgages you're responsible for, and you omit a property and/or private mortgage from that listing, you'll likely have committed fraud by saying that you're submitting complete information about your financial situation but intentionally omitting something.In other words, a loan/property may not show up on your credit report, which means a lender you're applying to for a mortgage may not know about it, but that doesn't mean you're not required in the application process to list it anyway, and it does mean that if you intentionally omit it, you're probably committing fraud or breaking some other law(s).I would assume that the loan could show up on your credit report, and that you will be listing it in future loan applications to institutional lenders, and behave accordingly.

If you pass the salesperson license requirements, but then get hired at a prop mgmt firm, that firm would need to have a supervising broker on staff that would sign your application and thereby, commits to take responsibility and liability for your actions, while you're a salesperson.

And you have chosen a software program that is popular with CPA's.If you are an employer and an applicant applies for a position with you and hands you their resume done via an Excel spreadsheet, versus someone who hands you a professional resume done through Microsoft Word or some Resume software program, which one would you think would be the best suited for the job, based on both applicants having the same qualifications?

Just be warned if you don’t self manage (I.e. put it with a local PM like fireside chalet or Cabins USA or Patriot, or even the national Evolve) You wont make money unless you paid cash.