@Jaekwan LeeA house hacking inspection checks for structural integrity, roof condition, plumbing, electrical issues, HVAC systems, windows, insulation, base and attic damage, unit conditions, and code compliance.

You cannot occupy the property at any point, it's strictly a business purpose loan.

Depending on the zip code you might also check with Wells Fargo to see if they offer the down payment assistance grants in that area.Could be the buyer is just trying to save cash, so counter back with no closing costs.   

That being said I am a big fan of being strict to a criteria.

I looked at almost every market in florida before I relocated from columbus ohio because miami Dade County has the most net migrations in the entire United States for one county. we build it in columbus ohio and it is worth approx 215k a door but down here all you'd have to do is change the assemblies and in miami that triplex would be worth more than 300k per door so closer to 900k depending on where you built it. new construction single family homes are going for around 330 per sq ft in the same area and a triplex is considered residential. by building codes a 4 unit is commercial I'd recommend 3 unit first or going as many units as possible if you have backing or your own cash. for each one we do we recommend 100k of liquidity. 

As for the long term option, that pricing is based strictly on your credit score and the amount of leverage you’d like to take.

It's just not sustainable.If your goal is strictly cash flow, which is completely amiss the underlying purposes of investing then go buy a treasury bill.

Nothing herein is legal advice.Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furnished or not.

I will soon be coming out with a podcast episode around confusion when it comes to the mortgage lane vs irs/tax code laneWhat is your concern around transferring title?

The guidelines are very strict and if they mess one up it could set you back months.