How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions  thank you everybody for your help!!

Thanks guys, I've rented in Blue Ridge area many times and it's a great spot for sure. 

Do you guys do both?

This guy was our first exception in 5 years and....he was despicable. 

I'm a suburbs guy.

Hello guys, I work for a direct lender, private/hard money.

Not sure there is 1 best book.I'd read stuff by many of the local guys, as you may have a chance to meet them or hear them speak one day. 

( I don't know how to Tag @ usernames)I just briefly talked with the sales guy over the phone and scheduled a phone call with their "tech" guy later today.

But we field calls several times a week from investors who fell into this trap.One very knowledgable and successful guy is @Travis Biziorek take his advice seriously. 

These guys look like they could use a trim for sure, and if they are solid mature trees with no rot, they are minimal to no risk to the house.