You can speak with an attorney to see if its a buyer beware state or if it had to be disclosed as well as if you are within the statute of limitations, but my guess is gonna be you are not going to get very far attempting to sue as a size of septic is something that can be verified by public record in a search. 

There are TONS of first time home buyer programs out there.

The FMR figures are also used for the HUD Section 8 program.

Agree with all posted by Stuart & Corby, except about the Renters Insurance.We offer Renters Insurance to our tenants also and it's a special program only PMCs have access to and is a much better & cheaper "product" than tenants can get on their own.You have 3 options:1) Check the lease for a "transfer of management" clause to see if that can terminate those services.2) Negotiate with the tenant to terminate those services.3) Retain the PMC through the end of the lease.

Also interested in this loan program....anyone have any insights?

A reliable DSCR broker should be able to help you find equally if not more competitive terms on full recourse/ non LLC programs as well.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

This criteria is for 1-4 and 5-8 unit programs.

You miss out on the full public markets bidding process.

They're in the process of being picked up and going public with a SPAC.