This is for information purposes only an does not constitute a rate lock, and the interest rate is subject to changebased on prevailing interest rates.Estimate Date: 10/20/2023Preliminary Estimate of CostsRental Loan - FixedEstimate Date: 10/20/2023BORROWER SUMMARYBorrower TBD, LLCEstimated Value Of Property $ 1,448,000Number of Properties 8Borrower Credit Score 700Term and Amortization Period 30 yearsLoan Amount79.38% LTV$ 1,149,350PAYOFFS AND LOAN COSTSPurchase Price of Properties $ 1,448,000Payoff of Mortgage(s) on Properties $ 0Origination Fee $ 11,494Buy Down/Buy Up Not Opted $ 0Underwriting and Processing Fee $ 6,373Legal Fee $ 1,500Broker Fee $ 34,481Broker Processing Fee N/AIMPOUNDS & 3RD PARTY TITLE FEESEstimated 3rd Party Closing Costs (title, reconciliation, etc.) $ 12,000Estimated 6 Month Tax Impound, Subject to Change $ 7,660Estimated 6 Month Insurance Impound, Subject to Change $ 2,075Interest Reserve Escrow $ 0Estimated Cash Due From Borrower at Close 1 $ -370,784RATEQualifying Interest Rate 9.250 %Rate Buy Up/Buy Down 0.000 %5 Year Prepayment Penalty: 5, 4, 3, 2, 1 0.000 %Initial Fixed Interest Rate 2 9.250 %MONTHLY PAYMENTSMonthly Principal & Interest Payment $ 9,455Monthly Payment of Taxes and Insurance $ 1,622Monthly Payment of HOA Dues, paid to HOA $ 0Total Monthly Payment (PITI) $ 11,078RENTAL INCOMEEstimated Monthly Rental Income $ 18,241Rent to Debt Service Ratio 1.65ADDITIONAL INFORMATION1.

The 3 parts of TN recognized in the state constitution. 

I understand your frustration but see this one more as a case of the constitutional checks and balances working like they are supposed to work.  

These data also indicated that in our target region, Milwaukee, Philadelphia, and Pittsburgh might be less favorable due to high renovation costs.We didn’t put too much weight on these rankings, but they did give us a point of differentiation between a few markets that were otherwise quite similar.With the takeaways from level two, we boiled down our top 32 markets to a top five, sorted alphabetically:With this top five, we now had an investment zone for our deep dives on the next levels.Levels Three and FourWhile levels one and two were about looking at national markets from thirty thousand feet, levels three and four were all about diving into the details.In level three, we analyzed the individual data points that constituted the composite scores to identify more nuanced strengths and weaknesses (and to eliminate bad data).

CA FTB is pretty clear that presence in CA other than temporary in nature constitutes residency.

IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii).   The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4):  "The extent of an individual's participation in an ...

What constitutes your “bigger” houses that rent year round there - 5 bedrooms and up?

Thus, such property as production machinery, printing presses, transportation and office equipment, refrigerators, grocery counters, testing equipment, display racks and shelves, and neon and other signs, which is contained in or attached to a building constitutes tangible personal property for purposes of the credit allowed by section(e) Definition of building and structural components.(1) Generally, buildings and structural components thereof do not qualify as section 38 property.

Many of the techniques we used in the 1970s are no longer viable because mortgage lenders will insist that you sign statements as to additional loans and down payment money that should you mis represent will constitute fraud.  

Those are unfortunately getting more and more common now as the barometer of what constitutes a super property continues to rise.  3 years ago I'd have said my property was 98th percentile in the area.