I’m willing to have some risk but not to the point I go under if I can’t leverage the mortgage on my own.

I will not know that until I climb under the house and into the attic etc... for inspectionThe area is close to things and is not in a indicated crime location and has a very nice open lot area on the corner with it but again assuming the tenants stay and lease I am looking at that as a smaller issue..Thanks for bringing up the concerns but I have tried to do my due diligence but do not really know is the analyzing aspect has missed something major.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

The property will be under both of our names, so the longer we keep it, the longer it will be both of ours!

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.

While your exact cost will depend on your market, I have a GC client in Columbus OH that is building triplexes at just under $200/SF.

Sounds like with are under charging our owners by thousands of dollars or they are trying to rip you off.

Cash Flow & Value-Add PotentialA well-selected multifamily property could outperform the $2,400/month cash flow you’d get from paying off the townhouse, especially if you find a property with under-market rents or appreciation potential.

I continue making the underlying mortgage payment myself (autopay) and get reimbursed from the borrowers payment.