Flat fee, percentage, maximum amount, how many months can the late fee continue to be applied, etc.Thanks in advance!

Will a DSCR loan apply to this kind of transaction, being that the house wont be deeded in my name until after I pay my uncle the balloon payment on the seller financing amount?

Doing a $50K renovation might take you months, which would mean even more holding expense.And, the same problem you mention also applies in the DIY scenario: What if you take months to make $50K in renovations and then still don't get the offer you need?

Even if I entertained the idea of allowing a tenant to do work on a property, I would simply pay them for work completed and they could either receive payment or apply it to the rent.

If you subtract the concessions from the $22,295 buy-down cost, your out-of-pocket cost would be around $6,795.This makes the break-even period even shorter, as you'd only need 10.5 months to recoup that cost if you apply the seller concessions toward the rate buy-down.5.

Do either of these apply?

Even if I have late fees in my leases, I rarely apply them.

Does anyone have experience with applying, qualifying, or building with the Guaranteed Rural Rental Housing Program?

@Eric Fichera Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Then, I prorate the rent and apply the overage to November.