Additionally, central HVAC systems typically require less maintenance and provide more consistent cooling throughout the property.

Identify your essential "needs" and desired "wants."

The units without mortgages typically net $10-12k annually and the units with mortgages net about 1/2 that.

You will typically have to build new spot footings below the first floor to tie into the new 3rd floor.

Typically rates are better and you can go up to 90% LTV from your primary house.

That's a great creative idea to propose it as a long-term rental, as opposed to the typical arbitrage terms.

I factor my acquisitions on Adjusted NOI base, out of fear of one off capital draws needed to continue typical rental operations.

Short term loans typically do not come with a prepayment penalty and you would end up with the property rented at a better interest rate and could possibly pull out some equity.

I factor my acquisitions on Adjusted NOI base, out of fear of one off capital draws needed to continue typical rental operations.

Then you would have that leasing expense all over again.We actually sometimes like to pay the leasing brokers more so they push our site harder than others.If you have an A location and A parcel shape then typically lots of tenants fight for the site to lease it or buy it and leasing broker has to do less work for fee involved and rent per foot higher most times.