All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

Due to the bias against low down payment loans from sellers and sellers agents these buyers end up getting the worst of the houses.  75% of the multifamily market in Worcester was built between 1890 and 1920 and have major issues. 

No, after doing many flips I know what my guys charge, so I have a rough estimate of worst case scenario and work up from there. 

In our worst neighborhood (the second poorest in Akron), we have our second oldest property.

We sometimes run across investors with multiple entities requiring an avalanche of paperwork to allow them to invest in one of our syndicated investments. 

It’s the worst.

At the same time, the number of companies expecting to downsize has dropped to 37%, the lowest since 2021.This change could signal that the worst of the downsizing trend is behind us.

If you are in a metro area, I would always make sure it works as a LTR as a worst case scenario that regulation shifts.

@Wendy Man  I went with MN Property Nerds, but it was the worst decision of my real estate career so far.

The protections which I would assume were made with acompassionate eye toward venerable renters backfired and brought outthe worst behavior from many tenants and have caused smallerlandlords to pull their properties from the market .