Our tax code definitely favors the rich (including me to some extent).

Hi @Ashli Addison, welcome to BP and the REI world, yes i agree there can definitely be an information overload with educating yourself in REI, but its good that you are now jumping to take the next step and get some forward motion on your business, while you will never stop learning taking the first steps and making real progress is a big accomplishment and one step most new people never take "study from the sidelines" but best of luck with your REI adventures and post up any deals/success/questions you get, we all like to see each other succeed,good luck,jay,

All you aspiring SF investors on this thread, do yourselves a favor, and search on BP for the numerous threads dedicated to "cashflow vs appreciation."  

Marvin, would the owner want to keep the property if the owner could get a more favorable loan/mortgage?

On future deals maybe you change the split a little and keep working it in your favor.

update, escrow ruled in our favor, no big surprise.  

Just as a highlight, the property has fire damage, was there insurance in favor of the lender which covers such damage and will that claim transfer to you or should some of those proceeds be used to demolish and clear site or clean up site; will you be indemnified for any future liability if not, etc - point is, I would worry more about your not so common deal rather than trying to find sample contracts of more common deals.  

Hello Salvatore,The longer you can have any of your tenants locked into new leases the more favorable a traditional financing source will look upon your property.

I was having an informal conversation with a lender yesterday and he mentioned that house-hacking can provide the benefit of more favorable lending terms, but I didn't get the full details...I'm seeking insight as to whether purchasing a MFR as a personal residence (house hacking) can allow a smaller down payment (20%) or more favorable interest rates than if purchasing a MFR and renting out all units.

The other 30 duplexes/triplexes were dumps...I also second the motion on concealed carry Green Bay has deteriorated very rapidly in the 10 years I've lived here.