The 13-unit original motel, built in 1958, has been completely renovated to 2023/2024 standards and upgraded with all new electrical, plumbing, and internet structure throughout.

The standard prices shown are what pretty nice SFR are going for in town right now - and good luck finding one, btw.

Usually a 1 to 1 or 1.25 is standard..or the $1k needs to be sufficient to cover the PITI of the proposed loan.

You must set standards and stick to them or tenants will walk all over you.Another example of a lazy person living off the taxpayer's dime and then acting entitled.

@Chloe Hohman  Agree with Nicolas, I don't see any money for you in this deal.Even if you could put down $50k, and financing $200k, with a standard 30 year 7.5% mortgage, your mortgage payments would be $1400 per month. 

Standard construction issues caused their project to push out a few months and California real estate being as strong as it is, my house sold in a minute.

What is the standard practice in terms of amount and terms?

The 13-unit original motel, built in 1958, has been completely renovated to 2023/2024 standards and upgraded with all new electrical, plumbing, and internet structure throughout.

Question - Can I use standard mileage for my current honda, and then once I buy a business vehicle use actual expenses?

Tenants typically pay around 30% of their adjusted income towards rent, with the government covering the rest based on local payment standards.