So as a landlord, all you really can do is disclose the potential hazard to your tenants as soon as you become aware of it. 

If any of this sounds like martian to you, definitely team up before you do your seller and  yourself a disservice.No disrespect, your numbers sound more like what a Realtor would give to an investor looking for their first property.Definitely get approval from your broker & be sure to disclose to your seller that you are a Realtor, but you won't be representing them in the transaction or whatever your broker wants you to do.There's tons of free info on here regarding wholesaling, absorb it.

Without disclosing interest rates and total payment it looks muddy.

Generally speaking you need to disclose your status anytime your marketing to the general public about all things real estate.

But to make a long story short, my question is I asked my mortgage broker to dilute his commission by $5K in an effort to try to help get this loan closed since I need to come out of pocket much more then I initially anticipated and was told.I am going to copy his response below:""This is area where we're getting into banking regulations and not something I'm familiar with.Broker comp is set by the bank and broker and the lender pays the broker that compensation.It can also be set up as what is called consumer paid.Once the loan is disclosed.

You could leave the agent and broker information blank, because you are not using it, you may have to disclose that you are a licensed agent but the rest you would just leave blank as it does not apply.

If you have personally guaranteed the note though, which will likely be required for a brand new LLC, then you may have to disclose the note on your loan application anyway.

But, you WILL be doing something unethical, and possibly illegal (fraud) if you do not disclose this to your lender. if you do disclose it, they will reduce your income available to qualify for a loan by the amount of your brother’s monthly rent.

Lenders are not required by law to offer every agency loan program out there, nor are they required to disclose overlays.

I think I understand the broker's rationale, but I would have been more understanding had this info been disclosed as a footnote on the proforma.I have okay financing terms for this type of property (80% LTV, 5.5%, 20 year amortization) -- not sure how much better I could do with respect to the cost of capital with two more rate increases expected this year.