After living in the property for a year, you can move out, keep the same loan terms, and convert your unit into a rental.

Where comps come in to to compare "cap Rates"  (a measure of financial performance) of recent sales. 

Permitting does take quite some time but you should factor this into your underwriting.

WE all get paid at the same time when the property closes I get my money back and my agreed on captial partner split they get the rest.. for some it works great we help them scale.. for others that just do a few a year and are dialing for absolute cheapest rates and have the money for downpayment and to make payments etc.. thats the route they will go usually broker who is putting them into a large lenders program and raking points off the top and at closing..

Or take a break. 

Refinanced August 2020 into a 15 year loan at 3.375%

For those that qualify for conventional financing its another negotiation tool, for those that do not its a way to get into real estate but many do not understand what it is they are signing up for.Regarding it being good for an owner, again it goes back to the borrower, if I have a borrower with 800 credit and I control cashflow its far different than someone with 540 credit.

The building had seen better days and was struggling to attract tenants due to its outdated design and inefficient use of space.Architectural InterventionSpace Reconfiguration: We conducted a thorough analysis and proposed converting the building into mixed-use space.

A year into my multifamily journey everything changed.

Looks like they made great inroads into the European and U.S. markets.