It doesn't have information such as average DOM for home sales or rent rates, those you would probably have to get from a realtor or property manager in whichever market you are evaluating.

After 1 year, they loan 75-80% non-owner occupied based on the appriased value, before a year, the lower of the costs or rehab plus acquisition or the appraised value which ever is less.

Our usual targeted payback is 3-5 years for weatherization (We have two programs: 1 that gives us $600 in free air sealing if we buy a blower door test per unit up to 4 units and another that is for OVER 4 units only that gives $1,400 per unit/50% cost of weatherization whichever is less) -- with tenant paid heat (rare in central maine) I still do some weatherization IF it's really needed.

While the duplex could be more homelike and may attract a more stable tenant base and fewer moving parts for a beginner, the 4-plex offers more income and leverage possibilities with great financing.Keep eyes open for whichever type of property offers the best property for the money.

Any property acquired by a proposed borrower will be viewed for loan purposes at the cost of acquisition (purchase price plus costs of improvements) or the appraised value, which ever is less.

With this option, you can borrow up to $50,000 or 50% of the plan value, whichever is less.

Then call/text whichever one they choose and set the appointment. 

In any instance, it seems reasonable to think when a correction does occur, which ever market is hit, there will be issues that trickle down.

Wait and see how fun it is to get fined by the city because your manager didn't inform you about the code violation they told him about a few weeks ago. 3 - At about 200 units you're going to hit a point of critical mass where it is cheaper to own and operate your own property management company with your own employees running it who answer to only one investor, the owner (you) rather than a contract property manager who answers to whichever client is the squeakiest wheel that day if they return the phone call.

So if you were buying a property for $100k and wanted them to loan you all $50k of the renovations you were going to do, the down payment would theoretically be 10% of $100k (the purchase price).The other 'catch' here is that they'll only loan up to 90% of the purchase price OR 80% of the properties CURRENT or present as-is value, whichever is less.