When you have 5 or more units these loans are classified as commercial loans.

I found it extremely helpful in taking to my other members and managers to be able to classify RE markets into segments (e.g. what you've done with new construction vs. existing and I did with HUD held-for-sale) and convey the data behind my rationale for suggesting price bids, etc.  

While renovations and other expenditures can be capitalized (and in some scenarios deducted) when you classify property as a rental, that might not be a significant impact if you intend to sell the property soon and can qualify for the 2 out of 5 year deduction for primary residences. 

Rachael, I just posted to classifieds a great sfr in Seminole if youre interested, expect wont last but a few days

Joe, I would not classify the request for 100% financing to be a scam.

(Call your probate court and ask how and when these are published so creditors can be notified).They are published in the newspaper usually in the classified ads) on a particular date each month.

@Cameron Porter helpful tip - this post will get removed by a Moderator as ads are supposed to be under the Classifieds forum:)

The basic fees on a loan make up too high a percentage on low priced loans which classifies them as predatory.

Check the Classifieds.

Much of Detroit is "block-by-block", but that won't work for OOS investors.So, we've classified all the Neighborhoods to help investors make more informed decisions.DM us for more info.