The current administration is not totally fine with it (and let's be honest, if I save a typical landlord $500/mo on a refi for one of his rentals, he ain't gonna go spend $450/mo of it on economy stimulating consumer junk, we'd be lucky if he spends $100/mo of it, landlords are good savers, not spenders), so a gov't agency capped rental properties at 7% of total on a per lender basis.

Fannie and Freddie cash out 2-4 unit investment, both capped at 70%.A non-agency option will have some combination of higher rate, worse terms, or higher fees.

United services is the agency who's handling that.

My rental is very close to some commercial properties in the area and due to this, the 3 insurance agencies I have worked with so far are providing me quotes that are in excess of $2,000 per year.

You also need to register your property with state and county tax agencies.

Smaller deals (and thus smaller loans) won't get as good financing as larger deals that qualify for agency financing, which is around 3% on a 30-year AM and also a few years of interest-only.

Especially with Covid, local relief agencies and churches/charities have been trying to help as many people as possible.

We have gone as far as showing up on their door step and offering them cash to pick up the phone and call the agency for the final interview!

I switched over their dual agency policy.

Cons are that tax credit financed properties are highly complex and take a TON OF TIME, with uncertainty of execution (waiting agency/local approvals, etc.