They questioned them and sent to legal department.

But to answer, your question, you should be able to get the loan process started asap and close at the 6 month mark.

It's unusual to have be questioned by an underwriter about why he financed a loan with a private lender with a poor reputation, however, if it's a concern that he'll continue to be asked about it, I recommend creating a letter of explanation that clearly explains the situation.

If you have any questions about getting financing in the U.S. as a Canadian, feel free to reach out.

Also the property rents for 2K and has good cash flow.Hey Mikal - that deal would be pretty easily done as a DSCR but the main reason you would want to go that route is if you want to 1) put title in an LLC for asset protection 2) qualify off the property's income and not your personal DTI 3) keep this mortgage off your personal record so you can qualify for another conventional loan down the road question: Are easy street loans personally guaranteed? 

So to answer your question, you are not bound to a lender.

Question.

I personally wouldn't go as far as to call them shady, but there's definitely been some fees and hurdles that weren't exactly laid out during the initial conversations and I'm in no way questioning your use of the description. 

Thanks again for everyone that took the time to read this & answer my questions!

To your last question, that will depend on if you believe the property will continue appreciating.If you deal with it today, the “gain” is on today’s value.