Stick or block, 2/1’s, 600-650sq ft, and very well done. $110k for stick. $130k block. 

Quote from @Mark S.: @Kris B.

If the #s check out via savings or heloc, you can pick up another rental income property in a Medium Cost of Living City vs NYC.

Also, if you have a partner(s), get a good operating agreement that outlines financial liabilities to limit your personal cash input.

@James S. congrats on what looks like a great plan. 

Depends on the exact scenario but could be as low as high 6's with prepayment penalties. 

The end of summer pulse will absorb some of the elevated inventory.

Quote from @Bill S.: @Adele Tegger the way I understand the law, it would not impact a mid term rental unless the person lives in the unit for longer that 12 months (ie they extend their stay to the point that they have occupied the property for more than 12 months).

@Gladys Villa tell us a better way to get started than buying a 2-4 unit property with an FHA mortgage, FHA 203(k) if it needs rehab, then living in one unit and renting out the rest.You can also rent out the other bedroom(s) in the unit you occupy for more income.After one year, you can repeat the process.

Quote from @Jeff S.: Well, we don’t own a G-5 like @Jay Hinrichs 🤣, and our process is much more local, but not much different in terms of borrower and property qualification.We only lend in Los Angeles and North Orange County.