That is why you should request to review all contracts related to the property (not just leases, but other service contracts too, like pest control, cable tv, etc. that the owner may have) during your due diligence period of escrow. 

You can always consider buying down the rate, but the reason we don't recommend it right now (and the reason I didn't in December) is because your recoup period on paying points in generally 3-4 years right now.

This helps in planning and ensures you’re prepared for unexpected costs.Consult with Your CPA Regularly: Have periodic check-ins with your CPA to review your financial strategy, tax planning, and any changes in tax laws that might affect your investments.

The biggest issue for Baltimore and frankly any rust belt city is the rise of remote work, Baltimore is cheap for a major job center, but it’s not that cheap period, pretty much any area west of Frederick county or east of the bay bridge has ample housing stock for sub 300k and imo a better quality of life, so the one thing that Baltimore has going for it pre-pandemic which was a pretty solid mix of Fortune 500 companies located downtown has been significantly reduced & downtown is a ghostown now.

The "extend and pretend" strategy hopes rates will be lower when the extension period ends.

There are a couple of ways to reduce your tax liability if you decide to sell within the 2 year period:(1) If you've made any capital improvements to the house, you will likely be able to reduce the amount of capital gains tax you will pay on the property.  

Sounds like a great idea and your method is definitely more efficient.

If the seller requires a balloon payment in 3-5 years, then can I  refinance once again the entire amount into a 30 year loan at the end of the balloon period? 

Hi BP Community,I am hoping to connect with investor friendly brokers and/or wholesalers in the Denver area and am wondering if anyone has advice on best practices in creating these connections efficiently. 

@Zehua Zhou, I don't think so, it has to be non-recourse, period.