It increases the liability risk, it increases wear-and-tear, the tenant is using your property to produce an income, the extra traffic could impact their community, they may be operating in violation of the law, and more.If I caught someone doing that, I send them an immediate cease-and-desist.

If interest rates do not go down in several years, will that have any impact?

Hi Whitney: the BRRRR strategy has been significantly impacted by the higher mortgage rates and lower LTVs.

Research local development plans, job markets, and any upcoming infrastructure improvements that might positively impact property values.Verify the terms of the existing lease on the rented side.

Long-term fixed rate debt is being underwritten to 50-60% LTV.So, back to your educated opinions, you sort of need to see all the opportunities and risks that are there and can impact a deal before you start deciding what type of syndication is good.  

When factoring in additional costs such as maintenance, property management fees (if you do not opt for a property manager, and you should), and potential vacancy periods, the financial burden could increase.Check this out: If you're breaking even on rent at $1,600, any additional expenses or vacancies directly impact your pocket and mental health.

Check your mortgage docs and with your servicer.You'll also need to look into:- Impact on your property taxes: some areas have different millage rates for owner-occupied vs non-owner occupied properties.- Impact on your home insurance: you'll need a landlord policy and confirmation of what will happen if vacant for more than 30 days.You should also consider impact of selling.

In these cases, you can use the full value of your budgeted line items to help offset the out of pocket impact of the oh-$hit.  

The shorter the prepayment term has an impact on increasing the rate.4.

@Matthew CabreraNAICS codes really do not matterIt will not have an impact on your business - government uses it for reporting purposes but in no way impacts you.Select the one that fits best