it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice. 

Quote from @Peet Bothma: Quote from @John Yoo: Quote from @Peet Bothma: I'm a foreign national and I just closed a deal on a duplex at 5.75% an a 30 yr fixed and 75% LTV in Wisconsin. 

HELOC: A cash-out refinance could be more beneficial if you're looking for a lump sum to purchase the new property outright, particularly because interest rates may be lower than a HELOC.

For an absentee landlord, it would seem that a condo could have less maintenance headaches than a SFH and lower risk in general. 

Unfortunately, my units do not have any amenities besides being close to downtown.  

This provided Archie Raglin with the financial backing to close quickly, ensuring no delays and maximizing the opportunity for a fast sale at a profit.

The HUD guidelines suggest a certain rent amount, but after inspections, the figure came back significantly lower than expected.Additionally, do you have any general tips for working within the bureaucracy of the Section 8 program?

I am doing my best to accommodate and fix the insulation as well as see if there are programs in place to lower the cost. however i want to be firm with tenant as they are not compliant with paying rent because of the cost of the utilities.

For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate.

@Jonathan Bombaci recommend using that amount as a bargaining chip for lower rates.80% of evictions are wash, rinse, repeat.