This is meant to establish the loan as a commercial investment loan NOT a consumer loan. 

We ended up working out a buyer's lease for a month because the mortgage company required one month's pay from that dealer to establish employment as I was commission based in the service department.

So for your re-positioning scenario it just means you will absolutely be seeking new tenants allowing you to set a new rent which is capped at 7%/ year rise....until a new tenant moves in.There is still not an established requirement for a 'just cause' eviction (I use that term loosely because no one is being evicted in a 'non-renewal' scenario) so you are still able to non-renew and then raise rents.So that said....This is certainly the stepping stone.

When you are first starting out it is always best to have a contractor with you to establish a “safe” budget.  

A well established wholesale company, with strong systems in place, will run circles around every single realtor.

I am still in the rehab phase and it hasn't been easy (lots of traveling back and forth because I am still establishing professional relationships with contractors, realtors, etc. and the level of trust isn't there just yet) but I'm making it work.

So while I did note that there are some new businesses, and some very old established ones that were there since I was a kid, I also see that there is emptiness where there was once vitality.

TIRE-KICKERS often wait to find “the one” then worry about financing rather than having already established some relationships with lenders.

The mortgagee may also document its loan file to support the increased value by establishing that the increased value results from the rehabilitation of the property.And this part is what scares me (4iii):(iii) If the additional value documentation supports a value of the property that is more than 5 percent lower than the value supported by the first appraisal, the lower value will be used to calculate the maximum mortgage amount under §203.18.

Scott said but I tried to ease their mind by it being a newly established LLC with no EIN.