I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

You also need to consider that at a lower percentage of money down you will be paying a Mortgage Insurance Premium or MIP. 

In my limited experience with a similar service, they will send you leads and even make offers but you still need to do your due diligence and make sure it's a profitable deal for you.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Since you already have an offer, it’s not really about whether the property will sit for six months, it’s about whether keeping it makes financial sense.

Closing costs typically range from 2 to 5 percent of the total loan amount, and they include fees for the appraisal, title insurance and origination and underwriting of the loan.”When it comes to closing costs, a trusted lender can guide you through specifics and answer any questions you may have.

Did the insurance get cancelled in this case. 

You protect your assets by buying a landlord insurance policy, which comes with dwelling plus liability coverage. 

You payment is $2,600 plus tax and insurance.

His good customer service convinced us to go with Kiavi over two other vendors offering similar rates.