You may have to make modifications or additions in order to get that signed off.

I'm kidding.

Additionally, creative revenue streams like adding storage or premium amenities can boost NOI.

I prefer an assignment @William Causey as it keeps me off the chain of title and any issue(s) that go with being in the chain, as well as any additional expenses related to a doublel close.

or ways to reduce our expenses on mortgage every month. we both make about $105k each yearly. but with us planning to have kids in the future, she may stop working.Any advise is appreciated THANK YOU!!!

@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.

$800k at a couple extra percent means it’s costing you AT LEAST $16k PER YEAR in additional interest.

Competence - My best friend is awesome and I'd give him my kids if I got hit by a bus but I won't let him operate on my brain.

Additionally, don’t overlook the opportunity cost of pulling money from your 401k—those funds could have been compounding in the market.I’d also suggest stress testing your ROI by running scenarios with higher expenses or lower rents to see how resilient the investment is.

I see enough of these, I think it must not really be an option or some young entrepreneur would be taking on these projects.Are they big enough for me to have the kids and grandkids stay over?