For me, it improves the houses value, gives me peace of mind, and offers protection in any lawsuits.If you are interested in installing cameras for your property around the New York area please let me know.

One of the guests on a podcast said that his goal was to have $2MM in DEBT We are in such a low interest rate environment, where money is cheap.

It doesn't really work that way with MFH and definitely not in the current environment.

It was the perfect environment to grow my network and business.

That's not my market, but it seems like excellent news to me - regulations like that encourage responsible ownership/management without severely handicapping the industry, and in my opinion creates a safer environment in which to operate a business without fearing that super-strict regulations could swoop in at any moment.  

For peace of mind, you could do the mortgages, but you also lose that 3-4k for each refi while pulling out only 40-50k, at a time (I think you typically can only pull out 75%, might be less for lower priced properties).

@Ryan Enk In an environment like yours, it's a good thing you run them on leases.

Our LTV is less than 50% ( yes no risk at all for the bank, and we have top credit score.We already paid the appraisal, environment fee, wasted countless hours etc...The texts in LOI: Financial covenants:-- Min DCR based on actual rents for the first trust deed of 1.25:1.00 based on a 25 year amortization by the end of 2018.And in the loan doc---Property is to maintain a 1.25:1.00 Debt Service Coverage Ratio, tested annually.We would not have paid the fee and sign the LOI, had he included the phrase tested annually.Please understand that the loan  will be for 10 years long, and we are very confident that we will always have fund for the monthly mortgage payment.

I’ve thought about that very thing, I think I’m at peace about passing on the opportunity for now, thanks you all! 

If they look like “peace and love” folks .... stay away from them.