The lender really needs only an MLS listing, copy of contract, proof of ability to close, and an estimated settlement sheet.

Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.

Currently I have the ability to purchase a single family residence for a price that won't cash flow unless I add an in-law suit of sorts.

Here's another feature that greatly boosts the app's value - the ability to form a team of drivers and track their routes.Justifies the price for me!

I gave him a bill for the damaged ceiling, he said it was too high and will not pay that amount.

However, many would argue that location has a direct bearing on the ability of an asset to perform.

@Josh Haney Even if you you have the ability to raise capital, as you acknowledged you lack experience.

Single Family with ability to rent out attic or basement via STR, MTR, or LTR3.

One has a hard deadline otherwise the buyer may lose the home and the lender may lose the ability to provide the loan.

Although the likely hood a tenant may decide to leave due to a annual rent increase is very low the fear it may happen impedes their ability to reason that through.The reality is that if a tenant likes where they are living and rent is at or near market they will not leave to pay the same rent elsewhere.Hobby landlords do not make their decisions based on profit margins they do so based on what is the least amount of involvement and effort required in operating their business......