I resent it, got an e-mail conformation; than the same thing over the next few weeks.

Essentially, if the bank ever calls you on that loan, you will have to pay the full balance or they will foreclose on the property.1) either deed it properly and don't quit claim it2) have enough cash reserves "just in case" you get called on it, and move it in to your LLCinvestment conventional conforming loans are few and far between (if they even exist this day in age)i've gone with option #2.

The property either conforms to health and safety issues or it does not.

,etc. upon reno.Also if this property was built in the 70's or before you will likely have to conform to EPA rules and lead paint practices which are more expensive.The downside to a 42 unit is usually a 50 or larger you can negotiate a 5% management fee.

Conforming Loans4.

I think that most conforming loan documents generally cite 2 years as the owner-occupant Pepsi challenge.

Take your 'new' cash and go finance another great rental and take advantage of the conforming lending rates assuming you don't have other properties w/ mortgages.

The minimum investors on this forum want is $100/mo/unit and you are getting better than that.But there are other things you need to consider.1) Have you checked with the city that both the units are legal and conforming?

These codes change over time, and older structures that don't conform with the new codes are typically grandfathered to some extent.

The underlying problem was an non-conforming bedroom in the basement.