Be sure to reference the lease agreement as to what fees the tenant is responsible for paying should dispossessory be filed and charge them to their ledger accordingly.

@Prashant Kumar The loan officer is referring to the personal guarantee.

As reference, current rents are at 47% of FMR (I know FMR is a guide and not cast in stone, but hey that's what I'm using it for, a guide)When underwriting and calculating the DSCR, Will lenders be using current, in place rents only?

what is the new tax legislation you are referring to?

This alone weeds out people...Still have to verify income, try to call references, search records for court cases, do a showing, and get a vibe for the individual, etc. 

I have all of the vendor paertners to refer to you as well so you dont have to buy someone else's profit!

So in effect it becomes an unsecured note.To understand this it’s important to understand that what’s commonly referred to as a mortgage is actually two separate legal documents - a promissory note and either a mortgage document or deed of trust that “perfects” the lien attaching to a specific piece of real estate.  

@ Jon Martin property owners who are passive investors have none of the costs you referred with their STVR.Passive owner/ investors lease their property to management companies.

That was my sole purpose of contributing to the IRA anyways, since it saved us on taxes this year because of health insurance.Hi @Caleb Davis Yes, I was referring more to borrowing rather than withdrawing.

City referred to me some rule called Green Code rule from PGE but cannot find any info on it online.