Asking residents to confirm they had no prior evictions, met income requirements, and had the minimum credit score didn’t ensure they were going to tell us the truth, but it did at least allow the honest ones to opt themselves out.

I understand that there are some requirements aren't a legal necessity to obtain, but would look better for future LPs.

@Ron HollingsworthYou need a local architect who is familiar with city codes and requirements.

The average sub-to deal might require around $25,000 to hold ([Amplify Your Active and Passive Income](;t=151s)).3.

Some questions if anyone can help it will be appreciated:- What is the minimum down payment required for condos in sunny isle?

My U/W team required me to lower the LTV on the loan for us to be willing to still lend to the client on his non-warrantable condo.

Participate in due diligence or operations.We require our partners to do more than bring capital  EMD (or capital at risk) and participation in DD are two of the most common - could be walking units - could be market research - secret shopping similar properties in the area - reviewing the UW etc etc  Yes be careful  Do it right.

Example $200K purchase Bank/lender offers 85% LTV so 15% down payment required.

That in and of itself is proof a variance was not required for the scope of work on the permits. 

On April 1, 2023, Fannie Mae & Freddie Mac changed their cash-out seasoning requirement from six months to 12 months seasoning.