If you’re going conventional on a second home, you might want to consider putting even more down and make sure that your debt to income ratio is <41%, and credit at or above 780, ideally, as the GSE’s just made changes to the Loan Level Pricing Adjustment (LLPA) just got even more expensive effective 05.01.2023 but most lenders will either incorporate this into their pricing or will then. 

Since I will be leaving my corporate job and effectively self-employed as I manage most of my MF portfolio, can I roll my retirement savings into a Solo 401k and invest in RE with the money?

Hello,I have a property with a tenant that I inherited when I purchased the property..She is an older woman with adult children that, at one point, moved in with her without notifying me.We've got that all cleaned up, but now she is adopting a 2yo child.It's a noble act, but how does this effect me as the owner?

But you can effectively achieve the same goal by finding off market properties and charging a commission fee for bringing a buyer.

That's why its usually more cost effective to pay them to leave if possible.

You also have to take into account the local / state landlord laws...especially the ones coming down the pike in CA's November ballot --> "Justice for Renters Act" Not sure if it'll effect STR or MTR but as a general rule of thumb, I don't run numbers on best case scenario.

They require 2 years of work before my overtime can be considered 'effective income'.

And in their contract, this clause is in effect for 180 days after the renter exists the lease but then buys the property.

If none of this bears fruit and you don't care to spend $60,000 you can get a septic system put in for around $6500.

I was looking at Showplace and Heavenly but wondering if an in person assessment would be more effective.