Is it more because of a borrower not qualifying traditionally, property not qualifying, or they can get a better deal going private?

Quote from @Jeremy Burnheimer: There are six things required to classify a space as a legal bedroom:Minimum bedroom size: At least 70 square feet, but local code may require more.

Unfortunately this is not as apparent and may require speaking with past borrowers but I would go with the lender with a streamlined and rationale draw process even if the underwriting/ origination process requires more of my time & completing/ turning over additional documentation.

There is an $80,000 assignment fee so we ended up paying a bit more but our only down payment towards the building looks to be 30k.

I'll put out the disclaimer that I do land development and entitlement in Arizona mostly, and more specifically to the PHX metro area, so I'm not as familiar with Colorado.  

Turns out, heloc underwriters are trained to use the Schedule E as one of their main sources of information, more so than any leases or receipts you might include as part of your application.  

I suspect that if Subject-To becomes more widespread, that due on sale calls will respond in kind.You have several bad options: 1) Sell the place2) Refinance the 1st position debt 3) Pay off the 1st position debtI hope that your contract with the seller and/or any wholesaler that brought you this deal allows you recourse for this situation.

The company I mentioned above actually found the real issue (more on that in a separate post) and I visited their office yesterday. 

The value of the home is worth a little more than that as given its poor upkeep over the years its value receded somewhat.

Personally and professionally, I'm craving connection more than ever (it has been a long, weird 10 months and I miss our local meet ups).