This is one of the reasons I took the course to begin with so that I can at least gain access to whichever system if/when necessary.

HI Chris,Any fannie mae lender which is probably almost all residential lenders in the country can deliver or do a refinance within 6 months of a BRRRR strategy if you:- are doing a rate and term (regular refinance AKA non cash out refinance) there only needs to be 1 day on loan and title to do this- bought all cash (property has no lien on it) and property is free and clear you can cash out refinance up to 70 % of ARV or your acquisition cost, whichever is lower.

The sale price or the appraised value, which ever is less.

They'll do 20% down based on Purchase price or appraisal, whichever is lower.

Just understand that the gain from the sale MUST be returned to his 401(k) including any earnings - neither of you can benefit directly (that would be a "prohibited transaction").That said, of course, if he has $100K+ in his 401(k) and if his current SPD allows it, he should be able to borrow out up to $50K (or up to half of the account's current value, which ever is less).

There are the typical broad estimates ranging from 1% - 1.5% of property value or 10-20% of gross income, but those seem high when coupled with the HOA fee.To be conservative I've been running my numbers with HOA fee PLUS either 10% of rents or 1% of property value, whichever is higher.

A late fee of twenty dollars or twenty percent of the monthly rental amount, whichever is greater, for each late rental payment shall be deemed reasonable, and shall not constitute a penalty.The way I read it, $75 is only 20% of a $375 rent.  

. §§ 250.511a)Deadline for Returning Security Deposit: 30 days of termination of a lease or upon surrender and acceptance of the premises, whichever first occurs. (68 P.S. §§ 250.512)Security Deposit Interest: The tenant is entitled to interest after the second anniversary of giving a deposit.

That notice has to be filed prior to 45 days from starting on the job, or prior to the owner makings full payment to the GC, whichever occurs first.

So you take the net rental income from the appraiser’s estimate of fair market rent from all units, including the unit you will be occupying, less the appraiser’s estimate for vacancies or 15% (whichever is greater).