Hi im a fellow landlord currently participating in the ULA ERAP , Im seeing this "Manager Approval Required" is that a status you seen while going through the process?

You could either purchase it with a stabilized bridge loan which usually requires 25% down payment.

I’m working with them now for the first time and my taxes are 1 month late so Ive started to collect interest on any balance owed at their fault.I submitted all of my paperwork 2 months ago on the deadline as requested and I haven’t even seen a draft of my return.He’s trying to tell me since we filed an extension we have more time to file but I know that an extension gives you more time to file, but not more time to pay so anything I owe is collecting interest penalties that I’ll be responsible for as I continue to sit and wait for something from them.smh.

Please keep in mind that I plan to rent to college students and the free unit is about 2,000 sqft:- I went to transfer utilities and the past owners have a balance.

Meaning listing a home for sale will require MORE actions, efforts, energy, intelligence.     

Do any of you require your tenants to have Renter's Insurance? 

So even if you can find a sponsor with the requisite experience you will also have to meet the individual property value requirements of the portfolio lender.

Our company won't accept, "addition interest" for this reason.Also, this is being misrepresented by the agent, since insurance companies ALL add lenders as, "additionally insured" as required per mortgage docs.

The one I've been using requires me to go into the bank to sign with each tenant turnover.Does anyone have a bank or strategy where they don't have to do to the bank themselves? 

Hi John,What is your occupancy requirement for your current mortgage?