Also, de-escalating rates into Q4 23 to get Fed Funds closer to 2% by June-Aug '24 prior to election.

The other issue is condos built prior to 1978 in Los Angeles are likely subject to LA Rent Control.

One of the apartments is a finished basement; so it is unlikely that the property was operating as a 4 unit asset prior to 1971.

@Ian VerzoniWas there a shortage from prior year?

They can also split move-in cost into payments over 3 months in WA and 6 months in Seattle.I would add that they have no outstanding balances with a prior landlord.

That could become part of your negotiation and offer with the seller, through offering non-refundable earnest money and having the seller make a cash for keys agreement to get a tenant out prior to closing.Cheers,Melissa

April 18th was the due date in a prior year.

In a way, this would limit the competition for anyone who was in prior to any potential changes.  

If you're going to take on someone else's property before having any prior experience, I'd suggest you take a management course of some sorts because there is a lot to know.

These are two very different and separate loans (completely independent of each other, I think it is safe to say), with entirely different parties and collateral.The unit owner's mortgage, originated prior to 2017, with a current balance of $800,000, I would think, should be totally exempt from the $750,000 limit.