This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr. 

I was a bit surprised when I heard that, and someone please feel free to correct me if I'm wrong.Overall, nicely presented, as always! 

If anyone is interested in learning more about the ADU process, feel free to follow my journey on instagram: davidm1158      tiktok: @sweatequityinvesting

You can use it as a downpayment on a property over $450k and use leverage tax free.

I didn't understand why I could not get my money out of a free and clear asset. 

Feel free to reach out anytime!

The $56-a-unit process requires landlords to be up-to-date on their property taxes and for the properties to be free of any safety or building-code violations.Since landlords are not legally permitted to collect rent from tenants of a home with an inactive license, the system is designed to serve as a check on property owners, forcing them to address safety violations and pay their taxes.But Philadelphia’s Department of Licenses and Inspections lacks the resources to hunt down property owners who flout those rules, said Karen Guss, a spokesperson for the agency.

He puts a lot of free content out there to learn from.  

Side benefits or PM besides free time.

Gaining a risk-free property, with a long-term resident there to pay down your fees, etc, with a property management company in place to hold your hand along the way and making sure your property is kept up with.