Even with the ban on new short term rentals, long term rentals are yielding incredible cap rates.

Some carriers have a cap on the rate they charge you, which gives you a better change at a positive arbitrage.

USLI is huge in the market but $1M cap if any homes have pools.

DC is one of the lowest cap rates in the country.If you have a long time horizon, and have patience, with the areas strong rent growth you can end up with more cash flow here than a high cap rate market.

Typically most loan origination fees on conventional/FHA loans are capped at 2.25-2.5% depending on the lender. 

I like the cap rates and it's very attractive. 

While multifamily is appreciating over last ten year between 2012-2022, that is true because you have cap rate compression from cap rate 7-8 market to cap rate 3 market. 

You need reps to see, then use the sheet to verify.The easiest thing to do on a spreadsheet is to change one number (say cap ex), and boom, now the deal works.

If you took out a separate loan secured by the second property, and that will be used as a second residence, then it is potentially deductible - subject to all of the other limitations of personal mortgage interest like the $750k balance cap.

The buyer had an inspection and has requested for some cap ex repairs (new roof and new sewer pipe).