Get a high income, just missed mortgage qualified Tenant Buyer that needs the house (schools, status) and willing to do Credit Improvement to get it3.

Is this standard practice?

There are so many awful reviews about Greentree's practices on the lending side (but thats another post).

If you're in for the long haul and are willing to engage the community to decrease disorder, then I would point you to best practices for community building.

So in that case, you could improve your score by closing.All that said, 800 is good and you don't need to worry about a 25 point hit.Also, don't just accept the annual fee.

If you could get the lender to agree to a short sale, even if you have to accept a note for part of the shortage or bring cash to closing, may be the escape that costs you the least.I seriously doubt that holding onto this for three years and continuing to take your monthly loss will result in a net improvement.

Sounds like a lenders policy, as a hard money lender I believe it to be best practice to cover your lender for the full loan amount.

I have recently considered refinancing out of my FHA down to a 15 year fixed which would equate to what I currently pay for my 30 year FHA along with my home improvement loan.

Is there a potential for improvements allowing the future owner to raise rents???

It seems that turnkey sellers are sprouting like mushrooms, not unexpected giving all the distressed inventory being snapped up.Current practice by the largest turnkey sellers strikes me as questionable.