I'm most curious about the 12 month cash out refi requirement for Fannie Mae.Per Fannie Mae, "If an existing first mortgage is being paid off through the transaction, it must be at least 12 months old at the time of refinance, as measured by the note date of the existing loan to the note date of the new loan.

She has a co-signer willing to sign, but I'm hesitant with her age/safety (the garden unit has a steep staircase) and with rent being $1800 is that doable for her?

My thoughts on the HELOC are that we could use it to renovate our current properties and use the funds to fix up distressed properties in the future(doing BRRR-like activities) and thinking it could be used as a safety net if needed.Should we be doing this HELOC if we are unable to pay it back in full at a later date.

We plan to use the home for short-term rentals—so safety is important.  

Colorado landlords will no longer have free rein to refuse to renew their tenants’ leases under a measure passed last month by the state legislature and signed by the governor.

Moisture in ceiling; subfloor damage.Moisture in ceiling; staining and previous repairs.Moisture in baseboard and floor.Moisture in ceiling; staining.Moisture in ceiling.Roof replacement; address moisture and leaks.Exterior inspection; identify and fix moisture sources.Fix moisture damage.Electrical system overhaul; ensure safety and compliance.Temporary housing costs for tenants during repairs.

Financially this deal makes sense; however, I am concerned with the safety aspect… I must live there for a year since I am looking for an FHA loan.There are areas close by that i know can have criminal activity but I am uncertain about this specific area (1-2 mile radius).

So many properties haven't been sitting empty, as people deserted hotels with a higher risk of contamination and sanitary measures for short-term rentals in which they can control their environment.3.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.