I can say almost all my customers have worked into that 1% or better, but sometimes make take a few years with rent increases.My advice is to look for slightly older homes in non-HOA neighborhoods to improve your ROI.

The debt can derail the deal later on when debt service rises or a call in the market forces a sale at a non-optimal time.

However, if the FHA interest rate is lower, I would still go that route and if rates drop refinance  however keep in mind FHA has PMI for life  Here you go FHA has the self sustaining requirement that requires the three non owner occupied  units to cover the entire PITI which with 3.5% or 5% down is virtually impossible with today's interest rates and price level.

preREO is a marketplace for non-performing mortgages as well as REOs.

When I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

So I would say people that bought more speculative or non credit tenants run into a lot more cases of properties going dark.A large franchisee has a higher chance of default than a national investment grade credit tenant.

So, their attorney gets back to them with the new that (1) their dream of a “contingency” fee lawsuit is a non starter (2) that the process is going to be long, drawn out, and (3) that a $15,000 retainer would be required. 

•I’d compare this deal to similar non-flood-zone properties—if the return is much better, it might be worth the extra risk.

Detroit espeically.. and in Texas to non english speakers

It’s no longer a question of if your coverage will be non-renewed or your costs will spike, but when.