By low commission I only meant the houses seem to be inexpensive, at least the ones in my area tend to be.

View reportI have not entertained BRRRR and am trying to wrap my head around it. This is off-market and am hoping to see it in person tomorrow. Would love any feedback :)*This link comes directly from our calculators,...

Typically, folks don't want long term stays when renting rooms or portions of a property not meant for individual use.

@Isaac Pyle I meant 203K FHA Loan.

Now let's say the investor goes beyond the agreed upon extension period and it's an extra 1 point thereafter (likely what the HML you mentioned meant when he said 3 point for 3 months).

These questions aren't meant to scare you, just to give you some talking points for the attorney you choose who would draft the operating agreement.Otherwise, generally speaking, there are fewer 4-units out there than 3-units, but you'll probably get a slightly better deal on a per-unit basis, so I think it's great that you've narrowed your focus so much!

In another year I'll have enough money to pay off all of them IF I elect to do so.

In the end, I got a great deal and built a ton of equity but if I could go back even if it meant paying an extra 10k in rehab costs I would have just found a competent GC to deal with everything.

Or they won’t have enough other work and they’ll start charging you more to compensate.In our case, this meant they didn’t aggressively market or show vacancies so the vacancies always crept up.

Another friend had a similar small toilet leak in his home that he meant to fix & then got a $540 bill.