Otherwise, he should just tell the landlord he plans to finish out his lease, and then landlord would have to sell with the existing lease in place, limiting his buyer pool to investors, or wait until lease ends next July.

There are a few things that can improve, but overall the financial side seems fine.Buildium is okay, but they are limited to what banks you can sync with.I love Yardi Voyager 7s, but the down side of it is the lack of bank feed, it is nonexistent.

Give the admin a dollar limit threshold in which all expenses under that limit will not need your approval and expenses above that will require your approval.

Most investors who start with SFH realize that they could have started with multifamily, but had a ton of limiting beliefs around taking the leapGino

However, with the recent statewide legislation removing maximum occupancy limits, Fort Collins has become an attractive market for house hacking.Although property prices in the area are on the higher end, the strong demand for rentals, particularly among students and young professionals, makes this an excellent opportunity.

There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself. 

Now, that said, let's give the contrary view, and why I wouldn't personally do that deal:-Limited appreciation potential for at least 3 years on this property based on location and demand, and no opportunity for forced appreciation-Risk with Section 8 on cap ex -I look for cash neutral on 15 to 20 year notes-positive cash flow of 144/month does not excite me, especially since I prefer appreciation potential -I avoid rentals that require more than $2000/month in rent to work given lack of demand at that price point in North AlabamaAgain, I ran this example just for educational purposes. 

I don't mean to be ungrateful, but this is really no benefit or bonus to a Pro Member, it's just a source of frustration and a waste of my valuable and limited time. 

This appeals to some of our borrowers who are more concerned with limiting their initial cash outlays than with the rate.

If it's not limited to Albany based I'd be interested in joining.