Plus, with the seller covering a large portion of the buy-down cost, it reduces your immediate expense, making this a very attractive option.If you're uncertain about how long you’ll hold the property or foresee needing to refinance soon, keeping the 7.75% rate might make more sense, as you'll avoid the upfront cost entirely.Would love to know more about your timeline and goals for this property to give more tailored advice!

For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

Now I'm on to the next step: covering the tax bill from my side gig, saving, and repairing my credit.

Ensure that the projected rental income from the multifamily property comfortably covers these expenses, along with any potential vacancies or maintenance costs.Interest Rates and Terms HELOCs often have variable interest rates.

They have to sweep, mop etc.We charge $100 pet fee and that covers up to2 dogs.We use this for small breakage or losses. 

Hey @Bob Asad, we have several HELOC lenders in our network that cover your area.

Plus, the rental income is covering the mortgage payments on most of them, which helps keep the cash flow balanced.Now, I'm looking to expand into the US residential real estate market.

We just request guests not let pets on the furniture...which some don't listen...and charge a competitive pet fee to cover any extra cleaning or damages.

Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.

Currently not seeing anything that will bring cash flow just covering mortgage.