Penfed doesn't seem to offer this.If you want to know why one would consider this, imagine you have paid down a ton on the first lien, but the fixed payments don't change, and you want lower total monthly payments so you can use the extra money somewhere else.

I know how college students live so I put some extra away for maintenance costs.

You can always use the extra cash flow.

The reason being is because that extra work that goes into figuring  out how you can help them.

Gotta make sure you're comparing apples to apples as much as you can.If the comps line up and you have good meat on the bone and have accounted for a little extra overage on the budget, then go for it.

Some websites offer registered agent but just wanted to check with you what your experiences have been whether you’ve just filed your self, or use online services with extra cost.

The temptation is to price it a bit high and hope to make a little extra and the result is that it will take a while to get an offer and most likely it will be less than full price.With a property like this I follow a simple strategy. 

Borrower should never pay any money out of their pocket for rehab on a 203k, because doing so actually defeats the main purpose of using a 203k, which is wrapping the rehab cost into the loan and using that extra money to pay the contractors. 

Your lease will most likely grant you access with a 24 hour notice; might as well get a head start on your construction plans, bring some contractors through for estimates etc - your tenant might decide to move sooner without you paying extra.

Just be ready for an extra $5k+ added fee at closing to pay for their closing costs and any realtor fees they come up with.