If Randy is happy without being on title and without mortgage documents then the simple answer is just create a promissory note.

It was a pretty simple flashing issue.

I wish it was that simple.

Hello BP experts,Simple (I hope) question:How do I obtain a mortgage for the property with low owner occupancy that is paid off?

@Christian Lincoln - regarding deciding on accepting a colleague request, I follow a simple rule; unless I already know the person, I will not accept a request that does not include some small introductory message.

I have found the simple (not free) solution is to have a good business insurance (General Liability) because it covers legal defense and many other things about your business, including injury etc... 

I would avoid a house that has most of the walls and electrical/pipes gutted.Many even have a working HVAC system or only require a simple fix but you don't always get that lucky. 

If you find you're having legitimacy pushback from sellers then consider operating from a doing business as (dba) status.Forming a dba alias is a rather simple process.

Any realtor with MLS access can send it to you by doing a simple search. 

If so, the answer is simple: Step 1: See if rents achieve the 1% rule.