- Additional equity of 170k at risk; subjected to fees if home is sold under default/breach.Hometap provides access to as much as 20% of your home’s value in cash for a 10-year term, after which you can pay out Hometap’s investment (which includes their return) by selling the house, using your savings or refinancing.

The new property would be a primary residence, so you would get the best mortgage terms available for your particular situation, including relatively low downpayment options.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Do you include a washer/dryer (which many rentals don't)?

Most rehabbers include only enough for initial demolition/cleanout, drywall scrap removal and end of project cleaning.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

It has 2 detached structures and one of them includes another half-bathroom.  

Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.

It's the focus of most of our RE podcast content, including the featured episode this week, with @Chad Carson, and @Dave Meyer.Curious - why do you think that this wouldn't be allowed on BiggerPockets? 

I would not include appreciation since that is an unrealized gain.