This range varies based on wages and expenses.

I'm Kristie Nguyen, a CPA based in NYC.

In this instance, you would have been able to plan for challenges moving existing tenants out, run numbers based on the current rent they pay, learn how long you may have to fight to remove them if at all, and where you would live if you couldn't occupy one of the units right away.How did your home inspection go?

They are either speaking out of their limited experience or claiming something is legal or illegal based on personal preferences. 🤓🧐  thanks  Scott:) I agree.

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

Title insurance wouldn’t have covered the lender policy based on their exclusions.

Before 2008, lenders often approved ARMs based on borrowers ability to pay the initial lower interest rates.

You can make a list of Cash buyers based on a set of filters. 

I'm also based in CA and invest out of state (Detroit).

These are asset-based, meaning lenders focus on the property’s value rather than your income.