All thanks to my real estate agent who did a little digging on the property to find out it was actually a duplex rather than the listed SFH.

We are trying to move to a different part of town for financial, and personal reasons.

Quote from @Tom Server: "Buyer to receive $5000 credit at closing, Buyer agrees to replace subfloor with 3/4 plywood, mildew resistant and sound proof flooring insulator".. the actual subfloor is fine but its in the contract to install new subfloor anywayThis makes no sense, unless it’s a soundproofing condition mandated by the co-op.

Leaning toward a turn-key property and renting it out long term - easier to manage, don't have to furnish, reasonable property management fees (~10% of monthly rent income from what I've read), and more stable income.

There are several reasons for that including but not limited to, landlord friendliness, lower prices, population growth projection, positive job growth rates, lower crime rates, 1% rule, to name a few.

Builder ends up screwing us over and we are out $250k which we are in the process of trying to get back.In the meantime, I'm trying to get a private or hard money loan to finish the buildsCurrent mortgage 273,000Rehab 1 - 150,000Rehab 2 - 150,000Current value for both places approx $350,000ARV $1,000,000 for bothPlan is to refinance and hold as STRI feel that these numbers are reasonable - am I missing something?

Part of his argument was that everyone thinks the MLs has no deals, but that means very few people actually use it, because they think it has no deals.

I have a guy who has an avionics business that wants mezzanines built for office space, technician training rooms, rest rooms and etc..You actually hit on a great opportunity that is currently out of my budget limits and that is Air Park development.  

If you allow the PM to find and vet the tenant, I'd want a qualified reasons and/or background reports as to why the PM thinks this is your best tenant option.

So your 'cost' would actually be 10.5% since your parents want to earn 5% but.........this method avoids this 'loan' showing on your DTI because the only people who know about the loan is the insurance company and the owner of the policy that took the loan.