If you have any questions or want to chat about strategies, feel free to reach out—I'm happy to help!

In considering cost, you'll want to look at how much the tenant owes you, and how much time/headache the service will save you. 

Is my partner liable to pay for those costs?

Estimate what the yearly costs will be.3. 

End of the day borrowing against a rental will always cost more than your primary residence.

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While the DSCR calculation as noted above is a bit "aggressive" and looser by not taking into account many expenses, its somewhat balanced in that these are 30-year typically fixed rate loans where the rents should increase much more over the term than expenses (and largest typical cost - debt service - is locked in). 

It all comes down to how you can structure the capital and the overall cost for it.

Only difference is no fees or closing costs if they approve the assignment.

Renters:A-Class: Ideally 90% or more homeowners.B-Class: 50% homeowners and 50% renters.C-Class: Predominantly renters.Land Value:In A-Class areas, land should be worth rebuilding and upgrading.In B-Class areas, rebuild as-is if the property were destroyed.In C-Class areas, it might be better to sell the land if it’s not cost-effective to rebuild.Crime Rates:Use resources like Trulia.com to gauge crime levels.