They both require the same investment, $10k.Conservatively, you anticipate in 10 years that the property will not receive ANY appreciation.

A red flag is a warning for you to dig deeper.I recommend your offer to purchase include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

For SD IRAs custodians are required.  

When the property is refinanced a year later, after it has been owner occupied for the required amount of time, will the rate then increase to that of an investment property?

Another factor could be whether you're renting to college students which usually requires extra "hand holding" by the PM.

It's interesting what people will do in acts of desparation.In my experience, lenders (specifically private lenders) will do what they can to work with a borrower to avoid foreclosure, which is a costly endeavor for the lender and requires time to process, usually months and months, depending on your state.Also, while an LLC is often considered a safeguard to protect personal assets, a lender using an LLC for multiple loans may have a substantial value to their LLC, which could all be at risk.Finally, if the wrongful foreclosure suit is legitimate and based on an error by the lender themselves, an attorney could logically sue both the LLC and the individual.

It's an asset based loan so most all the requirements will be dependent on the rent covering the debt so if you have cash but no stream of income it'll be the way to go.

He has a landlord reference of five years.My policy is to require three months of rent in advance, which is plenty of time for him to find employment or prove his ability to pay rent on time.

It could very easily be coming from a hole from the satellite that requires a simple fix, like the seller says it is.

Or does anyone know a lender that will not require wind cover and just allow hazard and GL since I also have to renew my loan