The shorter the prepayment term has an impact on increasing the rate.4.

Are there any hidden costs or legal issues I need to consider?

I'm in the San Francisco Bay Area and my FIRE number isn't $15k a month (with kid costs it is but I wouldn't be retiring early/quitting W2 job with child costs).I don't have much feedback on Michigan but I do agree with affordability with California and Florida and insurance costs, people may be moving to the Midwest. 

(Net sales proceeds after all costs (PS. loan payoffs are considered proceeds.) minus purchase price is your taxable net gain.

You will really need to look hard in order to find deals that make sense and you really need to take you cost of capital into account when doing your analysis.

We have elected not to count any repairs or costs during 2022-2023 due to to it not being rented at all, not even calling it a second home.    

With the COVID-era surge in home prices, rapid increases in mortgage rates, and rents not keeping pace, it really has gotten harder to make these deals work.

Hey everyone, I’m just curious if any of you have any good links to blogs about saving money on food costs for a family.

Does the cost per sqft account for electric and plumbing? 

.🔹 Example in Action:Rental income: $9,000PITI: $9,500 → DSCR <1 (not qualifying)Using $63,000 in assets → Adds $1,045 in incomeNew DSCR >1 → Higher LTV (80% instead of 75%)🔹 Why This Matters:✅ Helps investors qualify for better financing✅ Increases borrowing power and flexibility✅ Allows you to scale your portfolio fasterUnderstanding financing tools like this can be a game-changer for investors looking to maximize opportunities.