I currently live in Dubai and I can assure you, banks do charge interest on their loans. 

If a contactor is replacing only the decking (boards you walk on) $12k is a ripoff.

Getting a lower rate will also depend on the amount you're putting down.

Some areas have restrictions on short-term rentals or even renting out part of an owner-occupied home.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

Obviously, we need to focus on who we elect into office and fight for the rights on zoning, even though you get negative feedback for density and ADUs.

They used to talk about the 2% rule, which was basically a ruse to get you to buy in the absolutely worst part of town where you got 2% on paper and only on paper.

The dirt is worth about 450k because of the amount of units you can put on it.  

Check it out and see what it's about before it gets too out of control on here. 

What is a good target or Cash on Cash Return?