-How are you getting a 3.75% rate?  

The maximum fixed-rate period seems to be seven years, and there is generally a balloon payment at 10 or 15 years.

The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.

Working to figure out which route has the best conversion rates when targeting specific neighborhoods.

The short-term rental (STR) loophole allows for different treatment of rentals with an average stay of seven days or less, but this doesn't change the REPS hour requirements.There is no official IRS form specifically for documenting REPS hours.

Yes, that means he will have to give up his 3.5% rate (or whatever it is assuming lower then today rates) but it is what it is. 

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

Can't change Detroit if we aren't being the change, right?

From my understanding, no one is employed, they are somehow current with the rent, but they are definitely not someone I would offer a new lease...not even at market rate.  

Be the change you want to see in the world."