- Many lenders have foreign national programs, we do a lot of foreign national loans especially in the Miami market. 

The Bureau is proposing certain amendments to the final rule implementing these requirements, including exemptions for certain nonprofit creditors and certain homeownership stabilization programs and an additional definition of a qualified mortgage for certain loans made and held in portfolio by small creditors.

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.

I bought the landacademy program about a year ago.

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

@Matt Tallent ran across this thread looking for options on a property I’m under contract for in Philly and found that Philadelphia has a program the water and sewage line protection program.

Anyone in southern Florida that could offer advice - def not looking for some program etc. would it make sense to try and partner with someone so someone else could help with identifying properties and both kindof would profit monetarily as well as stand at risk? 

i have done the insurance program they want fully furnished homes at least in my experience.. 

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.

If the nonprofit is involved in tenant screening, education programs, or community support, that is usually fine.