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.

The short answer is it depends on the loan program and how the ADU is classified, so both lenders could be correct.

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

Is Peter Conte program is definitely a fraud.

Collin, I'm not qualified to comment on the strategy of Fairly, but if you go to their website you'll find their program laid out pretty well.

It also helps in regard to rate and costs associated with the program, property type or (number of units).You can include the land/lot into the financing but if you on the land first it does help a the equity of the land can be used to offset down payment.

Has anyone worked with Sensei Gilliland of Black Belt Investors in their Remote Rehabs program or have had any dealings with them?'

I was blocked from accessing the program's materials, coaching sessions, and support network.

This example is a good reason to obtain tenant estoppel certificates when you purchase a property.

Our "as-is" program.