At the time of closing, the Authority will charge you a one-time administration fee of up to 4.99% of the principal amount of the assessment on the Property to cover the costs of administering the Program.

Here are my responses to your questions:•The tenants are already covering their utility expenses.

As a result, many condo associations are raising dues and issuing special assessments to cover these costs.Impact and Solutions:The combination of new regulations and rising costs is creating a financial strain on many condo owners, especially those in older buildings.

What kind of documents would I need to cover both of our ends in any worst case scenario and where could I find some examples?

That's not their job.Once a title policy is issued, if there is a covered problem in the future, getting corrective documents or bringing a quiet title action becomes the insurers problem, not the insured's.

hey Joe, happy new year :) He is mostly into multifamily rental properties, so he focuses more into that but also covers other aspects of real estate.

I would have said $250, which covers two people being there 3 hours.

Purpose & Use DSCR (Debt Service Coverage Ratio): Used by lenders to assess whether a property generates enough income to cover its debt payments (principal and interest).

The rental income will more than cover the mortgage and still provide positive cash flow, which is rare in the California market, making this a great opportunity for us.However, underwriting has expressed concerns about us moving from a presumably larger home worth $606,000 to a smaller one worth $376,000.

Even if I pull out just enough to cover the interest from the HML, the cashflow will still be very low on the properties I ran the numbers on so far.