This figure includes allowances for heat, electric and any other utility that the tenat is required to pay and this is deducted from the FMR. 

My wife and I have good W2 jobs currently so we get better terms with traditional lending in comparison to DSCR lending. 

All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.

For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

I'm interested in learning more about owner financed deals, utilizing HELOC's, and the ongoing demands and requirements of being a good landlord/property owner. 

If not on a state road, a muncipal permit is also usually required. 

However, I live close-by (30 minute drive), recently retired from my day-job, and if the loan is not too large, I might be willing to do a deal just to learn a bit more about another side of RE.  

I do not think enough coverage is going to the people who are fighting this fight -that job is tough and a big uphill battle to fight these fires. 

And, yes, inspection deficiencies can hurt your valuation because once they are disclosed, you are required to disclose those to future buyers. 

@John Jacobs I require my borrowers to have policies that cover replacement cost.