A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.

What type of properties are you most interested in, SF, 2-4 MF, or 5+ MF?

I've only had to do this 5-6 times, but I won every time.I don't believe in punishing all future guests for the behavior of a rare few.

Jumping back to this conversation.

Some people call this house hacking.

Built in the last 50 years but before 1990.Currently rented for <$7000 gross but could likely be raised to >$8000.Expenses are as follows:Taxes - $13,000/Yr or ~$1083/MoInsurance - $3100/Yr or ~$260/MoMaintenance, Repairs, Vacancy, Trash Removal - ~$1000/Mo.Now, seller wants 850k & 10% down, interest TBD.

Let me know if you're interested and I can share the sellers information.

I would think your insurance agent might have access to some historical information for a specific area as they would want to examine this closely for their underwriting.

When someone wants to work with me on a deal and tells me they're one of his acolytes, I tell them I'm not interested.

The other reason tax bills get stalled in Congress is that most bills combine multiple unrelated measures, usually serving various special interests.