Probably rare in a rural setting in.. an urban setting you can almost count on it.the othere issues will be title insurance when it comes to a lender policy.

Would be great to hear from some local hard money lenders and mortgage brokers.thanks

Here is why I feel the headache of being their lender was not worth it at all:-I had to check in to get updates on the property.

I have networked and have 2 private lenders that are interested in lending against my new projects.

She mentioned buying a place closer to where she lives now and using the money as a 40% down payment-so it would be more expensive and she would have a mortgage.

Although, still not sure about the split.I already have: - healthy 401k and I contribute the max- roth IRA- I own my primary residence (have a mortgage) - I own one rental property (with a mortgage), which is cash flow positive- I also have $30k in savingsMy plan is to continue saving and start buying other rentals.

Asking is $200K, my relative (buyer) looking to put 20% down.He is pre-approved for the amount, lender has prepared both a conventional loan and a mass housing loan option for first time buyers.Would be purchasing as an owner occupied "primary residence", rates are decent under both options.Condo is currently rented, tenant lease expires the end of August - roughly 4 months.Lender says both loan programs require buyer to occupy the unit within 60 days, to qualify for first time buyer deals.Is there a way to get them to extend this to 120 days (4 months) until the tenant lease is up?

I seek a multifamily property to use the rents to cover the mortgage. 

And if something effect mortgage finance to in effect be 6%....... could see record shattering first 30%+ price jump in 1 yr....... 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?