What renovations are required to the property now?

As a full service design-build firm, we are capable of so much more (full custom new builds and large scale renovations and additions). 

It really depends on what types of rentals you hope to keep, if you're house hacking and flipping, etc.

All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

I have one duplex and have been house hacking since I bought it, it's been 5 years plus I have this property and finally ready for a 2nd one, looking to see if I get another multi or a single family, any thoughts Side note I also need a bigger place since I have another child who now needs their own room.

Updated the main house and then built a 2bd/1ba ADU in the basement.

For notices, contact her through her normal method, but also post a notice on the house AND send a registered letter to the last known address.

It cost me $10,000 to renovate and 2 months of lost income so effectively $14,000.

.● Understand what needs to be done in terms of improvements or renovations.● Be knowledgeable about the internal rate of return (IRR) for the investment.● Determine the anticipated holding term for the property.● Know the initial capitalization rate (going-in cap).● Project the exit capitalization rate (exit cap).When facing objections while raising capital, it's important to dig deeper to understand the true underlying concerns.

So now I'm expected to pay the same for the house + pay extra to my agent, which means reducing my down payment and increasing my mortgage.