Thanks, Sam, the cash out refi LTV is 75%, according to the Fannie Mae Eligibility Matrix (70% for 2-4 unit properties), so the LTV difference is 5%.The scenario I see is that you buy a SFR foreclosure for 50k that'll rent for $1000, rehab it for 10k, get it appraised at 75k, get the loan for 50k, which is 67% LTV and 83.3% LTC, producing a 35% ROI on your investment, all completed within one month of purchase.

You can ask if the complex is warranted and approved with Fannie/Freddie for finance, typically the management knows.

It is for Fannie Mae loans that Fannie Mae still holds.

I have noticed many cities have a listing of boarded up houses that they are "auctioning" off.

I lost my fanny leveraging silver at around $5 over 25 years ago because of 2 brothers (The Hunts) hogging the market.

Also, I noticed my lower priced rentals went up the most, while the 4 figure rentals hardly moved.

I notice the age of the roof is 18 years old, and no repair or replacement work was done since 1994.

You need to be able to look up Deeds, mortgages, notices of foreclosure etc.

If only one reference is provided, this may be a red flag.3.Look for reviews about the lender online: If you find good reviews, but you also notice some very bad reviews, take warning.Group members, please share your experiences or thoughts on this topic.

To restate the question, when you formed your business, what costs did you fail to notice?