That, and lots of refi-only loan officers don't know what they are doing, but have been forced to offer purchase mortgages because no one is refinancing, so they just regurgitate FHA rules as if they were applicable to conventional, because they do not know any better. 

If you've ever considered investing/owning here let me know, would love to help offer insight

Hey Gang,So I've been a mortgage broker for several years in the CRE Lending space, and I have capital partners I work with who offer 100% CLTV funding for bridge loans or short term, I/O financing.

‘I assume this person is offering 10-15% more than you could get in a regular sale?

Don't procrastinate; good offers can still be found; waiting for the ideal pricing sounds lovely.

That creates a civil dispute that police may or may not assist with until you go to court over it. 

Hey @Dan Adams, ADU's in Portland are still a newer topic and builders are the ones who are savvy enough to have figured out the rules to market to homeowners efficiently what they can offer.

Chase bank offers very competitive commercial rates, with minimal fees and a $500k minimum loan amount. 

There are definetly DSCR lenders should be able to offer an IO and ARM mortgage. 

@Lexie Wang May also want to offer an incentive of say $250 off first months rent if tenant moves in by say April 15th since its almost the 1st.