It could impact your home equity and financial security.For a safer and more specialized alternative, consider a Fix & Flip loan. 

Definitely not doing the work myself so it sounds like resale value won't be impacted if I have a licensed person fix the issue and provide evidence/documentation that it was done correctly.

Could someone summarize what it is and what the impacts could be?

The shorter the prepayment term has an impact on increasing the rate.4.

Quote from @Levi Perl: The purpose of background screening is to determine a level of risk, and then you decide if you can mitigate that risk.How does a DUI conviction from three years ago impact the tenant's ability to pay rent or maintain the property?

How have you seen local ordinances or restrictions impact these projects?

It wasn’t on the market but was perfect for a long-term rental strategy.Legislation Impacts. 

Additionally, smaller properties (2-4 units) tend to have lower cap rates because they qualify for conventional financing, which impacts the math.If you’re struggling with cash flow, finding off-market deals or considering seller financing could be a good way to improve the numbers.

@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

That’s a great reminder of how even small details can significantly impact the way a property’s value is perceived.I’ll definitely keep this in mind as I work on formatting my T-12s and ensure they’re straightforward and professional.