There's no benefit to anyone if they can’t rent the rooms, so your interests are their interests, and they're looking out for you - they actually recommended I back out of the first house I put an offer on due to foundation issues that they weren’t comfortable with.

if this is an owner occupied property and the loan was used by the owner to buy the property to live in.. then they are by federal law able to request a 3rd party mediator to meet with them and a representative from the bank and try to work out a re pay planthe issue is many in foreclosure never follow up on this and basically waive their right to this meeting. that would be step number one get into the federally mandated mediation if the owner and the property qualify.

Thanks It depends on the details but you might very well run into "seasoning" issues trying to pull out more cash then you just purchased the property for. 

Hey Rahul, I ran into the same issue through conventional as I was starting..

In one year, the US Treasury Dept issued $21 trillion in treasury bills to fund the spending of the federal government (Kobeissi).

Please give me money details above the oil issue .

So the issue im having is This trespasser comes and goes as he pleases to destroy the property but  never stays the night At the property because its CONDEMNED he has cut plumbing lines Gas Lines , cut hardwood flooring broke walls windows removed furnace water heaters etc.

Hi everybody,
I know the topic is trite and got innumerable discussions over time, but I still find little to address this specific scenario.
I am about to rent out a house for the first time, 4 separate single room...

It would be a residence, and most brokers won’t be able to fund it with a DSCR either due to the litigation issue.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Duck River.