Typically (but depending on your market) underwriting will require written notice from sellers and potentially with the side of the current signers moving out that they will move out so you can move in within FHA requirement of 60 days with an addendum once you get initial underwriting approval.

.- I've already started the pre-approval process with a credit union based in North Carolina, but I'd love some help understanding how to structure the gift of equity correctly for investment properties, what documentation may be required, and if there are any specific limitations or tax implications I should consider.- My goal is to close on both homes by the end of the year or early next year.If anyone has experience with gift of equity transactions for invest properties -- especially in North Carolina or involving out-of-state buyers -- or can recommend a loan officer, lender, or real estate attorney familiar with this setup, I'd really appreciate your insight.Thanks in advance!

Well, if approval of assistance animals was tricky before, now it'll get even more confusing.https://leadingage.org/hud-withdraws-wide-ranging-fair-housi...

I have already talked to hard money lenders and got the pre approval.

Speaking of app, I will say Tellus app since they are mobile-first.

Is it tighter underwriting, larger down payments, or slower approvals?

I even ran it against properties I have closed on in the past month where the lender used AirDNA projected revenue to approve the DSCR loans. 

I think that's a great way to go about your goals; by getting some experience through a few deals and then eventually getting involved into larger ventures like mobile home parks.

I learned in the past week the housing authority in my area stopped approving rent increases May 1, 2025.

When someone asks for a "POF" letter from someone else, they are really looking for a pre-approval or loan commitment for a loan.