Tenants understand the what and why of rent increases and again could care less about your situation.

Sold to a Veteran who used a VA Loan Lessons learned?

@Amee Gardner I'm sorry to hear about your situation, it sounds quite difficult. 

- Loan Type and Liability: Implications of personal vs.

@Cliff DurrettIn some instances the first will take a discount to give the second some money, but in this instance they are so underwater I don’t think the second will approve this as they are basically getting wiped, and they have much higher BPO’sAlso be aware the lender may satisfy the loan but not release the debt, meaning they will allow for short sale but then get a judgment to have the balance of Debt validated and still owed

They can push a DSCR loan into negative cash flow territory which makes the rates even worse.

In these situations, we generally give them the option to sign a month-to-month agreement with a huge increase or have them sign a lease for the whole year.

I’m fine with this, for now, as a long-term investor.I don’t believe our current situation would enable us to qualify as Real Estate Professionals, which would result in massive deductions.

Lender provides a first position loan up to 75% of purchase price combined with seller financing not to exceed 90% CLTV.  

It is pretty straight forward - I would provide the sourcing, the loan vehicle (it would be my primary mortgage loan), and the property management while my sibling would bring the downpayment.