She needed to sell quickly to afford cancer treatment in Chicago that her insurance wouldn’t cover. 

Tell the current PMC to transfer the SD to the new PMC, that way they have a record of handing it off to a licensee (assuming PMCs are required to be licensed in your state) and are covered in case of a Real Estate Commission inquiry.

They cover everything from house hacking to scaling up portfolios.

Make sure your back is wide enough to cover your own, and the floor is not that far from your comfort levels.

I’d get clear outline of what they cover and what they don’t cover.

After we move in 4-5 years, I would rent out both units.Pros:Potential for long-term appreciation in San Diego.Cons:The property will not cash flow enough to cover the mortgage while we are living there.After we move, it would provide very low returns and minimal cash flow.Would require a significant portion of my liquidity, making it harder to invest elsewhere and grow my rental portfolio.2.

If I could cover closing costs that would also be a good incentive.

Plus, with the seller covering a large portion of the buy-down cost, it reduces your immediate expense, making this a very attractive option.If you're uncertain about how long you’ll hold the property or foresee needing to refinance soon, keeping the 7.75% rate might make more sense, as you'll avoid the upfront cost entirely.Would love to know more about your timeline and goals for this property to give more tailored advice!

For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

These lenders typically cover the purchase and rehab costs because they’re more focused on the value of the property than your personal financials.Rehab: Use the borrowed funds to fix up the property, adding value by making necessary repairs or improvements.