My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.

Any unused funds from the engagement fee are typically credited to the borrower at loan closing, reducing your total cash to close.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Renting at FMV allows you to deduct mortgage interest, property taxes, repairs, HOA fees, and depreciation against your W-2 income, potentially reducing your overall tax liability.

While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

More possible is reducing immigration to a net zero or negative number over time, which would have essentially the same effect as mass deportation but over a longer, controlled timeline.

With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M

Here’s my two cents:Paying off the condo might make sense if your main goal is to reduce risk and enjoy the peace of mind that comes with no mortgage.

That 18% premium reduces the cap rate quite a bit.

If this job popped up out of the blue, your intent was not to move within the 1st year, so you may be ok.If you are planning on building a portfolio of homes, it is safest to stick in your home for 12 months to reduce the appearance of potential fraud.