Many have pulled out of insuring multifamily properties or only cover up to 4-unit buildings.While Allstate doesn’t have a unit cap, they do cap total coverage at $750K on a landlord policy—which is why I’m exploring options for supplemental coverage.The carrier raised my rate by ~86% on all three properties under this policy.

I BELIEVE this credit would be treated just like covering buyer’s closing costs. 

. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.  

I had 2 or 3 called.Now again keep in mind I had zero interest in holding these as rentals and I ONLY bought homes that had significant equity for me.. mainly all pre foreclosures..

Buyers want longer letters that cover more items.

And this is your best chance of house hacking while covering most of your living expense or maybe even cashflow if you buy in the right area.Hope this helps!

To cover renovations, I secured a $60K hard money loan, allowing me to improve the property without a significant initial investment.

Let's say the AC or Heat goes out in 60 days, do you have funds to cover that?

Partner Driven provided 100% of the funding, covering the $160,000 purchase price.

Just got off the phone with the zoning guy and he said since both of my lots pre-date the zoning regulations in the city, they're grandfathered in so-to-speak, which means I am able to build a single family on each one!