So I guess I will loosen up on what the white house defined as hot spot areas.

Maybe standards are loosening up, but we had an awful time qualifying because we didn't sell our old home (rented it out and they wouldn't count rental income from it at all).

But I just don't see how anything can possibly come close to using hard money to do what I'm doing.Now the one thing I'll add is that banks are really loosening up their guidelines quite a bit.

I don't need mortgages for what I do, but it's a good thing if the financial markets start to loosen up.

Try looking outside of OC and loosening up your criteria from A+ areas.  

@Brian Levredge with it being a tight market do you suggest people start amassing money until the market loosens up?

https://www.acgov.org/cda/planning/landuseprojects...AirBnB technically would be a no-go, the loosening of regulations and zoning for ADUs was done to help the housing shorting we are experiencing in the Bay Area and not for short term rentals, just FYI to you!

Have you found that after three months (from acquisition to rehabbing to listing the property) lenders tend to loosen this restriction?

Jon, you have to be in this business.The second you loosen your grip or release some line, you get taken for a ride (an unenjoyable one at that)There is ALWAYS the deal of the century next time.Who knows, this one could fall through and you could be first in line.

With lending standards just now beginning to loosen from a historic tightening, I find it bizarre (and frankly, offensive) the idea that Private Mortgage Insurance will now be something that will be permanently affixed to all FHA backed loans...even long after the property has the 20-25% equity that has formerly resulted in PMI's vanishing.It's as simple as this: If the bank is going to hold potential homeowners to high standards, that is fine by me but stand by your underwriting process.