Quote from @Scott Bloom: You can get a commercial grade policy from major carriers where they lump the risk across multiple properties into one policy, reducing your premiums.  

We chose this area and home because of the redevelopment in the area, increasing values, proximity to major venues like Lucas Oil and Gainbridge Fieldhouse.

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.

Everyone is telling me that the majority of the time they dont take the LTO to term.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If they are putting the property in major outlets including WSJ, NYT and sharing the property all over then sometimes its better to pay an extra point, but the 6% is for both buyer and seller.

If we had a property management company my wife and I would still have our W-2s.  

Fannie Mac is a publically traded company, ticker FNMA (more later).These GSE’s were created to to promote homeownership by providing liquidity to the secondary mortgage market.These are GIANT housing players, and this is hard to understate.

The vast majority are scams. 

The Worcester Fire Department, with support from District 5 City Councilor Etel Haxhiaj, has been advocating for the installation of sprinklers in multifamily buildings undergoing major renovations.