I suppose there is another way into the neighborhood so I guess part of me is being nosey and maybe it is partly a pride thing.

I thought owner occupied loans are supposed be lower interest rates then non-owner occupied loans or DSCR loans also I asked the lender if she could adjust the purchase price to $750,000 to see if that would lower the interest rate and the interest rate actually went up to 8.625% and pay 0.353 points I'm thinking I should find a mortgage broker that can quote me with multiple lenders to shop the rate and loan costs instead of a direct lender Thank you for the help!

It probably doesn't include income from the 5th or 6th unit if it's supposed to be a loan for 4 units right?

I suppose the response to your question depends on the question itself, are you asking about rent price growth, property appreciation growth, new development growth (competing inventory), etc.?

Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks The rules are generally pretty vague - for the 10% Down Second Home Loan - generally are supposed to be not an investment property (no more than half the year rented out, no property management) and the vicinity rule is not super clear - but you are supposed to live "near the property"There won't be a difference among lenders since this is a GSE backed product (all rules the same) - however, the difference is likely to come from the interpretation of how close "near" meansThis is a good twitter (X) thread on the topic from a lawyer thats in the spacehttps://twitter.com/Wildlaw406/status/1689416363973214213

Section 8 is supposed to pay about half of her rent. 

The tenants are suppose to move in Friday.

I hate when people have an attitude like it's supposed to  be turn down service like it's some hotel room or new construction that nobody has ever lived in yet.

But he’s supposed to pay 1/2 mortgage from day one, more than market rent, to help you pay down that mortgage for your first $480,000, and contribute to renovations?

buying just to buy "a deal," and then "cash flowing" $32 a month with 25 or 30 or 50% down does not make sense.my point - it's good you're here to remind everyone of how this is actually supposed to work.