I once sat in a meeting with the Assistant Director of HUD and property managers brought up multiple scenarios and he was caught flat-footed.

I've just closed on a two flat with an illegal basement that's already fully-furnished. 

Or consider giving them a lower flat rate out of your pocket to represent you if you're really uncertain, since you found the deal.I will send you a PM with some lenders. 

Great flat lot size with big backyard on a dead-end street (this is starting to sound a lot like my listing description).

In OR and Portland-METRO, just some items:1) 2009-2010 we were pushing 10% vacancy no price drops, just flat average2) 2009-2010, very few transactions and the ones that got their hand forced by the banks did sell for < market value3) Gross dollar volume in 2020 will be << half of 2016 (the peak year in Portland).4) I still see some price increases, but not at the rate of 2011-2016.5) Vacancies rates are still <5% and any other type of CRE would kill for that6) Rates are getting close to 3% for normal dealsSummary - I'm not seeing a collapse in pricing, but probably flat for the next couple of years here. 

Just a flat 6.85% for 30 years is what was stated when I initially inquired.

I'm sure they discovered the same issues as I did, but their underwriting was quite different than mine.Agree with not installing sub-meters, rather just charging a flat rate for water.  1 bed is X.  2 bed is Y, etc.Thanks for reading.Dan Biber

Additionally, if you can afford a 4-flat (and are comfortable managing it) I would suggest going for it over a 2-flat.

I know there are a lot of lenders who charge only a flat fee/origination percentage basically to keep their lights on but everything else comes from the title company. 

Traditional insurance coverage, RV’snormally stay a flat rate throughout the year, thus you will stillneed to maintain full coverage.