If you’re aiming for long-term appreciation and low maintenance, the brick property might be worth the higher initial cost.

Good news is that once you get traction you will be able to hire a VA to make the initial calls for you so you focus only on the hand raisers.

However, you do need to handle this situation carefully, make sure you follow a standard screening process to avoid any Fair Housing Act violations.I'm honestly not even sure if you can initiate the conversation with the parole officer, if they reach out to you, or the tenant provides the info and offers the opportunity to call them, that's a different story.Make sure you apply the same screening criteria you use for all potential tenants. 

I still think looking for a TLC 2-4 unit can be a good idea to open up the ability to upgrade/renovate to speed up the equity position and tap into the ARV to pull your initial capital back out plus in most cases enough for the next down payment. 

The total fees we were quoted from one lender initially were $50k on a $6ook DCSR between origination, closing/admin and title, seems excessive?

On market 60+ days, was also initially under contract.

Folks,I am negotiating an owner-operated restaurant lease and tenant agrees to a personal guarantee for the initial lease term of five years but rejects a guarantee for the two options (five year each).

Late fee is considered reasonable if it is not more than 12% of the rent for the rental period under the lease for a dwelling located in a structure that contains not more than four dwelling units or 10% of the amount of rent for the rental period under the lease for a dwelling located in a structure that contains more than four dwelling units or the late fee is more than the applicable amount but not more than uncertain damages to the landlord related to the late payment of rent, including direct or indirect expenses, direct or indirect costs, or overhead associated with the collection of late payment.A late fee may include an initial fee and a daily fee for each day any portion of the tenant's rent continues to remain unpaid, and the combined fees are considered a single late fee.

They decided to update the poly pipe as a part of the initial renovation before turning it into a rental and I think the cost ended up being around $2500.

As if not showing any general initiative on insanely general questions isn't a precursor for a lazy wannabe.