Keep in mind though along with rehab the turnkey operator is paying all the holding costs generally most if not all turnkey companies use HML loans for their inventory ( thats my Job) and paying taxs insurance utls etc.. so you need to add 10 to 15 on top of the all in for holding costs..

From the financing side of things - keep in mind that conventional cash out refinances require 12 months of seasoning in order to use the new appraised value.

Also would charge points at origination and bump the rate up a point or twoReason being my guess is this borrower can it get conventional financing so they are a higher risk.

That's why we encourage all clients to review their policy documents and send them a Monthly Inventory Report.

The overall inventory is higher due to the season.

I’ll still try to answer the question: Pros of Kansas City for buy and hold small multifamily rentals:  Hybrid market so you get some cash flow and some appreciation (con if you want only cash flow or only want appreciation) Inventory of 2, 4, and 5-50 MF buildings (not true of a lot of markets that only have SFH and very large complexes 100+ units)Relatively low property taxes, although check for the city and state you are in (e.g.

This year… or… “oh my god there’s no inventory “ last year….. 3.

@Nick Belsky thank you Nick, I would love to speak about non conventional avenues.

9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.

They are there on time reliably, do a good job managing inventory/off site laundry, and generally do a good job cleaning overall.