One thing I learned about working with seniors as a financial advisor is that they like income, but don't like headaches which could be a reason they're looking to move on.  

FORECLOSURE: A seven year waiting period is required, and is measured from the completion date of the foreclosure.A three year waiting period is permitted if extenuating circumstances [EC: non recurring events that are beyond control that result in a sudden, significant and prolonged reduction in income or a catastrophic increase in financial obligations]  can be documented and the lesser LTV of 90% or the standard product guidelines.

The other thing is that you also don't get debt pay down from your tenants.

Do you have equity and debt to build the project already in place?

But went about it this way because I am closing on other properties in my own name right now so we used just the father's financials to qualify for this particular one, and the mortgage market does not allow lending directly to an LLC anymore.Simply put, our goal for tax reporting is to divide all rental income for this one property equally in to thirds, and to do the same for all expenses (mortgage interest, taxes, insurance, repairs, etc.).

And thus I have to find other financial mean, outside of my career, to find the means to make sure he has what he needs.It amazes me how many different paths can be set upon with REI, the question is always 'which is the right path for me?'. 

Matthew Jurica I will be grateful forever that Dave Ramsey's book pushed me to get out of debt and get my finances right.Keeping that in mind, I found myself lost when he encourages to invest in the stock market.

It might be in NY.Agency disclosure is the mandatory paperwork which goes with the offer and both, buyer and seller, must sign it even if two different agents form different brokerages involved.LBPD and the pamphlet are mandatory for houses built before 1978 and there is a lot of financial responsibility for skipping it.

My background is in the commercial real estate financial markets.

I am very new to real estate and BiggerPockets but I'm very confident that this is the path I want to take for financial freedom and a fun filled less stress life!