In situations like this, investors take ownership of the property without the bank's blessing.Subject to existing financing (Sub2) are usually done with a quit claim deed (which gives the borrower/seller no security or recourse if you don't make payments) or with an All-Inclusive Trust Deed (which gives the borrower/seller recourse in the form of foreclosure if you default).Almost no loans are assumable and you would still have to qualify like you would on a new loan.  

. $1,300 a month will allow you to finance a brand new Porsche Cayman GTS, Corvette Z06, Tesla, any BMW, Mercedes, Audi you want every 6 years for the rest of your life..You can take a one week all inclusive trip to Mexico, the Bahamas etc., every single month for the rest of your life..

acquisition: $1.2M, 1,600 SF single family house development costs: $1.3M (inclusive of all construction, consultants, permitting, bank fees / interest, prop tax, insurance, utilties etc). sales costs : ~$250k (incurred upon sale only - broker fees, transfer tax, staging, closing costs)time / carry:acquired Jan 2015expected completion May 2017. finished product: 2 new construction luxury condo units, 2 floors each:Lower unit - 2,250sf - 3 bed, 2.5 bath - one car garage spot (side by side) - deeded entire backyard (approx 1,000sf)Upper unit - 2,250sf - 4 bed, 3.5 bath - one car garage spot (side by side) - two large decks (master bed and living room) plus deeded ~500sf roof deck with nice views spanning bernal hill to sutro.

Fannie will allow the inclusion of rental income on a new property for new landlords, but many lenders have overlays. 

Assuming your projections and numbers are all inclusive and accurate, a conservative $200 cash flow per door would be a baseline for many investors...meaning that would be the minimum required return.  

This obviously isnt all inclusive due to time and space here in the post, however a good list to start from and should give you a general idea.

No, he said with a sly look, not all landlords do.My sense is that the proposed inclusion of cable and utilities may be an effort to work the insurance company over for a larger claim.

Don't be fooled by a property manager that offers low commission rates only to have additional fees added to your bill later.Here's an example of what I mean (although a 42% commission is still very high):The average all inclusive commission offer on our site is 28%, and I'm happy to help anyone compare rates in your area if you'd like.Another option to consider is the fixed (or guaranteed) income model.

@John Arendsen In all honesty I think it varies by location and I'm also seeing a generational preference between the two - not from just the guests but from the hosts (just take a quick look at who else has replied to your inquiry (inclusive of me).  

Additionally with the wrap they would make more on interest since they would be wrapping the existing loan with their new All Inclusive Trust Deed (AITD).