Many contain higher level ofchemicals (formaldehyde) and others compared to what they claim, especially per LEED standards.

Many will want to see at least 12 months seasoning to use the full higher ARV value. 

Waiting for market changes post-election can help find distressed properties, while short-term rentals like Airbnb can earn higher income.

Double-check whether one of those fees could be mislabeled or duplicated by mistake.Since you're using OHFA’s 5% DPA, you should expect some additional fees related to that, like possibly higher closing costs or mortgage insurance.

I pretty much second everything Chris wrote with the one addition of id recommend getting a personal loan if you could swing the higher monthly payments.

But sometimes the appraisal comes back higher so I end up with extra equity after closing.

Hi everyone, What neighborhoods or other micro-markets in Buffalo, NY offer lower entry price points ($150,000-$350,000) for multifamily homes (2-4 units) that have a higher chance of monthly cashflow? 

Additionally, property taxes and HOA fees are often higher in these developments, and it might take time for rental rates to stabilize.

For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory. 

I’d recommend running your numbers with these extra expense assumptions to see what actually pencils out.If you’re worried about budgeting for capex, you can either buy new construction (which, if built well, won’t require capex for at least 5 years) or work with a turnkey provider, who will budget capex items for you on their end.In any case, my experience is that deals in Alabama and other Sunbelt states are still working out, but higher cost-of-living places like Fayetteville or Austin are probably out.