If rates improve slightly, a cash-out refinance could lower your mortgage rate, but ensure the numbers work with your long-term goals.One thing to consider is your return on equity (ROE).

Your property manager will play a key role in this team, helping you maximize occupancy, maintain the property, and ensure tenant satisfaction.

If you may please send me an email or text when you need additional help as I don't access this blog very often.

The way I can imagine is perhaps putting up additional cinder blocks but that sounds expensive.

To determine price range, the first step is always figuring our how much you are pre-approved for; and that can vary significantly when you are looking at multi-unit properties because of the additional variable of rental income that can be included in qualifying.

In addition, they are bearing the risk of you backing out of the deal and them being stuck with vacant units not bringing in rent. 4.

Additionally, young adults are living together with no intention of marriage.  

Another option would be working with private lenders to see if they're open to your idea should you need additional funding. 

Also, in regards to a per diem, I'd like to be a bit more optimistic that I can establish the right checks and balances to ensure that the contractor is not skipping corners.

It's not about being nit-picky—it’s about ensuring the property is safe for residents.