You can expect to find 4 bed/3 bath condos in Center City Philadelphia and they will cost you hundreds of thousands of dollars upward to the millions. 

This is obviously a hot bed for traffic and leads. 

They are all 3 bed 2 bath. 

Property One (condo rental) 2 bed/2bath: (Excellent buy)We Owe: 215K (approx.) on itProperty Value: 480K (equity: 265K)Tenants pay ALL of the expenses (Mortg, Tax, Ins. and Hoas) are $1604/month + tenant gives us $571/month (6852/year), as we charge 2175/rent.Then....We borrowed off it via a HELOC: We borrowed 30,000 to purchase another home (we owe about 28K on the HELOC)Property Two Townhome/Condo (Primary that I would like to eventually rent out) 3 bed/1.5 bath: (not too shabby buy) - We got it for 442K, Owe about 410K on it, and it's worth about 530K.

I don't do linkdin personally but I can imagine that's a hot bed as well.maybe one of the current HML can write a blog on the reality of HML by area of the country.rates DO vary by area of country... for instance it is possible to get a 8 to 9 % interest rate in CA for a HML But your not going to get that in most of the other areas of the country.. there is just a huge amount of deals chasing CA properties etc etc.the other thing for folks to think about is RATE is many times determined by experience and long term relationships with your lenders.. folks doing their first few deals or first one are not going to get the premier rates.One should simply pop on lendinghome's web page they have a nice metric all spelled out on how they teir their rates. you can get 8 or 7% from them.. with big down and PROOF that you have done a few Hundred deals.. etc etc. but when you look at low down and limited deals you will be at 12% or higher..

Bed and bath counts, ammenities, size of building, size of lot, location, DOM (days on market) of comps, market conditions ( buyers market, sellers market, transitional), distressed vs standard sales, and the list goes on.If a realtor is running your comps and providing you the ARV, best to make sure that agent has lots of knowledge of that area and plenty of experience.

Under 7 months rental in Florida is a hotel and requires a bed tax.  

Confront tenant on the lease that their 'visitor' has been here longer than 14 days as agreed.Then hand her the application and teller that the visitor must submit this if he is going to stay.Once you have the info, then require that he too sign the lease if he expects to stay (vetting is optional, as you're after the personal data).Your 25% increase is questionable IMO as we rent units, not beds as in a hotel.

Hi BP, I'm being offered this note secured by a deed of trust for the following:Duplex:Side 1: 4x2Side 2: 2x1Sqft: 1,578Total beds 6, total baths 3Total Monthly rental income: $2,100Deal Details $290,000 Fair Market Value $80,000 Total Loan with requested loan 27.59% LTV of FMVLoan Request: $80,000 1st Position Loan 12 Month Loan 12% Interest Rate $800 Monthly Payments (Only 38.1% of rental income!)

Scammers can hide behind e-mail, and phone calls, but video you can watch how they answer questions with their eyes and body language.I really do not know how people that consider doing this kind of stuff to people go to bed at night.No legal advice given.