@Rich Solano Need to lock those up at deeper discounts shoot for 30% minimum remember market values are still inflated in many cases, if you only buy with a 10% discount and we get a strong market correction you'll be in a tough spot.

I'd like to keep my mother's room locked and still have the option of staying in that room for 2-4 weeks during the school year (while the tenant is also in the house) and for a few weeks during the summer (when the tenant lives elsewhere). 

We put in almost $9ml of our own money into the deal to lock it down.

If the numbers work, I think it makes sense to do it while you are still there, learn, build systems, have a handyman, and then have your parents be your eyes and ears, not a PM.

I just don't want to get locked into something and then not be able to sell elsewhere.

Each door has a digital lock, along with the front door.

As you talk to lenders, make sure you know the following:    1 Rate Lock Policy - If the DSCR lender doesn't rate lock for 45 days, then I'd go elsewhere.

Hi Brandon, this is music to my ears, I am interested in purchasing if they meet my buy box and glad to pay an assignment fee.

Maybe give Dad a preferred return to reflect how much capital he has locked up on this deal.IE say property is worth $4m with no debt (keeping it simple), and cash flows $800k annually.

I ended up locking in a 6% fixed rate and I'm glad I did because my interest rate would have doubled if I went with a HELOC.