if you mix selling/buying primary residence with investment purchase, and auctions, forclosure rehabs, and hard money so to be in a new location, all into one, beware of emotions overriding numbers and sense...and being in an area where you are disadvantaged in many ways..

I hate math and this purchase was intuitive/emotional more than a numbers analysis.

Hi,I have a Landlord questions regarding a roommate situation (young couple) and a request for temporary subletting.They are an early 20's female couple/partners who moved in from out of state because one of them have found a job with a very large and known company.

But having said that, we are talking about an investment and if the numbers work at a higher rate/fee structure, then would you rather take a temporary loan to make the deal happen and make a return on your money or pass and have your money sitting in an account not making money?  

I went to municipality and they said they do NOT under any circumstance even allow non-owner to  apply for c.o let alone obtain one, and they do not issue temporary document.

It is a sad state of society that people want to say "I am emotionally disturbed and can not function with out a dog, or peacock, or ferret, or whatever" just to be able to take their pet with them.Not withstanding that there are real support and service animals that are needed. 

It can be a frustrating experience but keep it non emotional and stick to your numbers!

You can do a higher LTV if you just pull out an equity line or a heloc, however these two ones are not ideal for long term but just as a temporary 6-12 mo plan so if you don’t plane on paying the heloc anytime soon, you are better of with a refi cash out. 

(for whatever he is currently paying/comfortable with) there should not be any emotions involved, as there is no way he can afford those terms and neither can anyone in his immediate family. 

If this case happens sometimes the property owner goes to their lender with the mortgage for a temporary workout solution as it would be hard to cover the total monthly mortgage payment while having to give tenant temporary rent relief until construction is completed .