Are you able to save a similar amount as you’ve upgraded or do you feel you have ample reserves at this point and thus can spend a larger % of your income?

If you find something that concerns you have then have ample time to investigate and get it resolved. 

My wife is uneasy with these types of loans due to the balloon aspect, but I'm generally OK with them, as I keep a solid credit score, good income, ample reserves, and have good relations with many conventional and private lenders.

I recently bought a two family home and the basement is fully finished without a kitchen but ample space  and I have been recently toying with the idea of renting the basement atleast as a room sharing however being a older home it doesn't have the kind of electrical capacity to accomodate a decent electric stove which has very high amperage requirements (atleast 150 amps -200 amps) besides I am not considering gas stove as an option.As is I can envision fuse tripping beside I don't have any 220 line,also it gets very cold in winter in the basement so I will most likeli need a supplemental heater in the basement so elctric upgrade seems like a must if I decide to rent it out.However I was wondering would it be a better idea to have solar panels to supplement my additional electrical needs? 

I know most of the time they look at the security rather than the individual, but if you built rapport with loan officers or liquid individual (for lack of a better term) can you attain cash quickly this way?

What are the best rental communities in Greenville and is the 1% rule attainable in the market?

The easiest way to attain contact info for owners of vacant properties? 

But there are also ample reasons why wealth individuals park their money in real estate as it is an attractive asset class.Part of the reason for America’s success is that entrepreneurs have gone out, taken bold risks and have been compensated.

Hi Marc,Of course the answer is it always depends - but from what I’ve seen $1500 might be more realistic for a 2br and $1750 is attainable for a 3br in Bayonne.Good luck!

It may not be possible for an investor to raise rents, or even attain decent occupancy rates.Evaluating this situation calls for understanding a property’s replacement cost to know if it’s economically feasible for a new building to come along and steal away those tenants.