LOTS of regulation and fees aren't helping to satisfy the demand either.

You can also record the agents name in the transaction as many times they specialize in HUD Foreclosures and 10) Flat Fee MLS: Pay a flat fee to get your listing into the MLS.

Usually they (condo associations) are running to get those past fees.

Additionally, you stated that you read Rich Dad Poor Dad, ask yourself if you think it is the best strategy to buy a primary residence, at market value ("not a killer deal"), live in it for a few years and then hope that you will be able to rent it out for more than your mortgage (and still cover CAPEX, taxes, insurance, property management, vacancy, legal fees, evictions.....etc) Also, keep in mind that you can buy up to a 4 plex with a VA loan (as long as you occupy one of the units for a few years). 

You have the option to have the tenant pay the fee.

I know there are (1) impact/tap fees, (2) private contractor fees to do the conversion and (3) the cost to abandon the septic tank.I would love to hear from anyone who has gone through this process recently.  

I found financing, somewhat more costly in fees but okay. 

If u ever move away and still hold it 20 yrs, you will regret not having 10 per cent property management fee.. ..  

I'd be providing financing for 70% LTV on fee simple homes where the current first trust will be paid off and I will have a first deed of trust. 

. - The closing costs/fees would result in a total cost to loan ratio that is too high, making the loan not compliant- The couple lenders that will refinance some equity out will not bundle the properties, generating sizeable closing costs for each of the 3 loans.- One commercial bank I've spoken with will bundle all three properties into one loan, however will no approve me due to debt to income ratio; I have a mortgage in my name for my father in laws house (he pays mortgage and resides there) so they see the debt but no rental income.- Hard money will do the loan but with rates at above 8% with sizeable origination fees and significant pre-payment penalties.I was hoping some of you seasoned folks could help me figure out some creative financing solutions for this little conundrum. :)