That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.

@Drew Sygit Very true, Detroit is definitely block by block market.

When any of the following is true:1.

This is true in most markets. 

Is your $$$/mo CF a true CF, or is that your net right now without any maintenance coming up?

My dad and I (both with access to VA loans) are about to get into the multifam game and how we proceed is really going to depend on the true occupancy rules for the VA and our lender.

Heya Ethan.I've completed 7 secondary suite renovations/developments now and it is extremely difficult to do a true BRRRR where you pull every dime back out again after you refinance.

Even if you only averaged 2.8% appreciation annually, which if you've had it 20 years I have no clue how that's true given prices have well more than doubled in that time, youre skipping over the fact that you have been benefiting from that appreciation on the ENTIRE house, not just the % you paid for.  

Not sure if that’s true or not. 

Turns out that a 520 credit score and a sad story (that turned out to not be true) is really just a 520 credit score.