Here’s a chart showing mortgage rates alongside mortgage application data: Purchase demand is at record lows, but just barely compared to 2014.

@Irakli KhakhviashviliYou might want to read our series about “How to Screen Applicants like a Pro”:https://www.biggerpockets.com/member-blogs/3094/93296-how-to-screen-applicants-like-a-pro-part-1-verifying-credit-reportsPlease send us any feedback via email, as we do not use the DM feature here.

. - The nonmember assumes only the remaining unpaid balance of the loan (no new money or refinancing);- There is no extension of the original maturity date beyond that specified in the loan agreement with the member;- The original loan was not made to the member with the underlying intent of having a nonmember immediately, or soon thereafter, assume the loan;- The terms of the assumption are consistent with the loan agreement and in compliance with the FCU Act, NCUA Rules and Regulations, and other applicable law.My guess is that they will initially say no.

What can I do to ease property owners' minds into accepting these applicants? 

Examples include: marketing, application screening, collecting the deposit, signing a strong lease, late rent, unpaid rent, unauthorized pets or animals, etc.Here's my basic beginner advice: 1.

So my question , do I have to file an application with zoning for it to pass inspection bc the owners never filed anything pertaining to converting it or will it pass and be  grandfathered in as a two family? 

If, on the other hand, I am not having success finding an acceptable applicant, and the Owner is not happy with how long the process is taking, I also ask them to meet me at the property, where I proceed to point out factors affecting the lack of interest, which, usually, are due to shortcuts, low quality elements, or lack of adequate prep by the Owner, or at the Owner's direction.

@Michael Baum - Thanks for guidance and the link to the city STR application.

In larger companies, you may have a very narrow scope of focus, like application screening or maintenance coordination.

Everyone thought that applications for a license would exceed the cap and the licenses would be give via lottery.