Wyatt-I am in the process of dong my first brrrr property as well. 

This is a standard part of dong rental business.Another thought about asking probing questions regarding their character of their behavior. 

That's my reasoning but going by Jonathan's answers there is lot of money in bay area and they will ignore the income valuation and bid for higher prices .below 5 unit are dependent on comps and those properties i don't reason for decline yet , in fact SFH are dong quite well actually .

FHA is higher profit for the institution doing the loan, however, which is why I used to get "why aren't you dong more FHA?"

Nowadays a lot of cross add up from labor so if you can bend that cost to your favor by dong most of the work yourself and acting as project manager for the work your not to familiar with but still know enough not to get ripped off from shotty workers or contractors wannabes, there are some really good contractors out there but they also cost , you get what you pay for most of the time.

@Frankie Betancourt what you are dong is common but it is not the best approach.

This could turn intuit ability to cash out refi in the next 5 years and recoup your funds even faster (tax free I might add).When analyzing between dong A r B, an investor must look at all the possible angles as there are often times more than just 1 or the other.

Hello,I have a question about Dodd Frank and the application of a prepayment penalty.I’m selling a condo for 305k.Buyer is: Putting putting 30k down;Getting 130k mortgage with bank and;I'm dong seller financing for the remaining 145kBuyer will pay $2000 per month with a balloon payment at the end of 5 years of approximately 52k.

Simply  go to your local REIA meeting and connect with someone dong deals vs reading books, YES hard work.

@Danny McGreevy as @Devin Peterson said ther is no real savings by dong both loans at one time.