🙏 A year and a week ago I had a passing conversation with my CPA about buying some rentals to help with my tax burden.🙏 4 Weeks later I had purchased 5 duplexes, totaling 10 rental units.🙏 Before a year was up I added the kid's Condo and another 4 unit quadruplex.

   If you are using a Fannie Freddie mac lender it is called offsetting your debt to income ratio using either potential rental income or current rental income from the tenants that currently live on the property.look out... this is a hard conversation to have with stupid 20 something year old mortgage loan officers that know nothing about mortgage underwriting.

and seen big upgrades in the last seven years: new AC unit, sewer line, hazard removal, garage conversion (to office), etc. -- most of the major maintenance surprises have already happened. 

I will definitely reach out to builders and revisit the conversation with him.

Being more active on the forums, starting more conversations face to face (or zoom now :P), and being more active and up front with communications

Felt to me financially irresponsible which is why I needed to start this conversation because I was clearly missing the full picture.

Things are heating up, but sellers are willing to have conversations with well qualified buyers.  

@Alexandra Hansil you may want to tread lightly here, I'd consult an attorney for crafting you letter as the rules around COVID-19 evictions and notices are ever changing, also consider your relationship with the tenant perhaps you can find out more with a conversation.

I am under contract for a 4 unit property with a lot of poorly allocated space from additions over the last century.Utilities are separated per unit already.One first floor unit has enough space for to be a 3bed/2bath or convert to 2 - 1 bedroom units4 unit ARV is $240k, $2800 gross rents5 unit would be $3400 gross rentsWhat other issues other than being forced to use commercial financing should I consider before making the conversion?

All of those shows are unrealistic and every...I mean every....conversation with a client included us explaining why those shows are unrealistic.