And in my area unnecessary .

So they are just creating a lot of unnecessary work for themselves and likely won't get the same results.

Secure W2 employment, save religiously, build your credit, limit unnecessary debt, obtain pre-approval from a lender, submit offers and house hack your first deal.

Saving 20% down will take forever, and is unnecessary.

That seems too steep and also unnecessary.

“We want stakeholders to be able to rely on FHA-insured financing for a wide variety of multifamily transactions, and without unnecessary barriers.”FHA’s Large Loan policies contained in its Multifamily Accelerated Processing (MAP) Guide (Section 3.10) include additional requirements for underwriting loans for FHA insurance that exceed the threshold for Large Loans.

For years clients have requested 2M / 4M and we have fought back saying it was unnecessary due to the structure of our business (totally true).

Many times this is seen as an extra inspection and a laundry list of repairs will be requested from the seller, even if they are unnecessary.

But in the long run, if the agent involved is the same or if some one reviews these bids for the same seller, you are opening yourself up to unnecessary headaches.

It's hard enough to get the numbers to work without one, so why add more unnecessary expenses.