.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

And free.

Tell him you are sorry the unit doesn't work for him and that you'll let him out of the lease penalty free immediately. 

We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet. 

Feel free to shoot me a message.

If you have any specific questions feel free to reach out I am always happy to help other BP members.

I’ve done a lot of research on these projects, so feel free to ask any questions here.

It’s not necessarily more difficult than market-rate rentals, just different.If you’re seriously considering this route, feel free to reach out.

Any other questions or help with a loan, feel free to Dm or email me!

Feel free to reach out if you have any other questions or would like to discuss!