Even if your lending officer says this will work, you'll get denied down the line when they get the documentation required to close the loan.

He will have to pay worker's comp for those "contractual labor" (not sure what that means, day labor?).

The reason that I tell you this is because this weekend I am going to be in NYC at the regional office giving a presentation and won't be available until monday. 

Find out what their criteria is.Typically they require an appraisal ordered through the bank that shows you have passed the 20% threshold and that you've had the loan for a certain amount of time.Read over your loan docs and or contact your loan officer for help.

@Edwin PinaIf you are an "investor friendly" Brokerage, then you work with ALL types of investors and, like us, are investors themselves.If that is the case... and not just hype, then the three suggestions are inherent to doing business.In our case, we are a larger HUD Brokerage, and because of that have a strong relationship with a HUD approved Title Company with multiple offices who can do a number of things:Mail away closings - We support investors as far away as NorwaySimultaneous closings - We work with a number of wholesalers so this is vital.

The county clerk's office is where real property records are found but you'll likely only find the subd. plat in those records. 

RR I've seen underwriters condition for that, and it's your loan officer's screw-up for asking anything of you...

I am looking for a loan officer who specializes or has significant experience dealing with FHA 203K loans.

I am an investor friendly escrow officer looking to help and close deals!

I have to pay almost $300 a quarter for my office and my individual fees, as opposed to $60 a quarter if I were with another broker.I've also heard that KW has a policy against its agents buying/selling their own property.