If zoning tells you that it's accepted non-conforming triplex, then go with that.

You could borrow a second against the $400k of equity in your property - and accept short term negative cash flow to earn a lot more on the great deal you don't want to pass up.  

My tenant just let me know they accepted a new job in another town and will therefore be leaving us. 

Overall I would treat this investment as a high risk gamble and willing to accept loss if it failed but It's also a very interesting process to understand how the industry works.

Not sure is seller will accept an offer with these contingencies as it will cost time on the market if the contingencies are exercised.  

I recently purchased a foreclosure where the occupants want to avoid being evicted. Would it be braindead to turn them into tenants or should we go ahead and evict them? 

STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

Hi All,I received an accepted offer on a property but unfortunately was not able to find the funding in time.

Since I didn't have a way to get a rental permit for Property #2, I knew I wasn't going to be able to accept Section 8 tenants, even if I wanted to.Aside from all this, I was always told that I was not legally required to accept Section 8, so I was completely under the impression that I could tell applicants that I wasn't going to accept it.Out of all of my applicants, I'd say about 15-20% of them asked if I accepted Section 8 vouchers.

The charts would look the same for any other mainstream interest rate.