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.

Now I'm on to the next step: covering the tax bill from my side gig, saving, and repairing my credit.

To me cashflow is important to cover unexpected expenses but I buy for wealth creation and tax benefit, not to supplement my income.

I was told by my insurance agent that a % of loss of revenue can only be covered by insurance until the property damage is fixed, which could pre-date the return of essential utilities.

They have to sweep, mop etc.We charge $100 pet fee and that covers up to2 dogs.We use this for small breakage or losses.