If you have limited prior experience owning / operating multifamily assets, they'll also require you to use a professional property manager with multifamily experience.

I need to better understand all impacts each option has for a smaller operation.

If it's going to be a bonus space for your rental, or you want to keep a very unique and vintage vibe going, and it's not operational (say it's a gas fireplace and you cut off the gas to it) then it could stay.

Yes BofA is all over the country but if you go to your local branch it's pretty likely that loan officer and/or office wouldn't be licensed to operate in another state. 

Since then, they have operated under government control, but privatization has been a recurring topic of debate.Why Privatization is Being ConsideredSecretary Turner, along with some policymakers and industry leaders, argues that privatizing the GSEs could reduce taxpayer exposure, increase market efficiency, and encourage more private sector participation in mortgage lending.

Hello, I am owning/operating STRs in Groveland in Tuolumne County, and would love to connect if there is a group already.

You would have preferred to see our properties like a marketplace listing, but that is not how we operate.  

@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.

Until you don't -- like when you have a big claim and it's denied for violation of the policy terms.You're essentially operating a 1-unit hotel and you really, really want a commercial policy for it. 

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.