My lender packaged and sold my mortgage, and when I called the new servicer to inquire about a HELOC/ Home Equity Loan they told me I wasn't eligible because of my short ownership duration.I am planning to pay for most of the improvements with cash I have on hand from my W2 job, but I want to get something set up in case of an emergency repair/ use towards other investment opportunities.

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?

Do you have any recommendations for that area (Realtors, lenders, other houshackers)?

Change to a non key entrance system, maybe like a motel, this saves changing locks, and tenants making keys for all their buddies.6.

I felt like I was ready, given had all my 1098 statements from the lenders.  

The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.

Because of so many STR places the availability for long term rentals is almost non existent.

You can probably pay a visit and search the files for the lender name.

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

Curious on the lender's takes, too.