This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.

Market is the best remedy for those, since no intelligent buyer/investor will touch what they offer.- Sellers who are lied to and taken advantage ofHow exactly are they lied to and taken advantage of?

Commercial lenders don't usually offer 'pre approvals' but will provide sellers with a letter of intent.

There’s no money-back guaranteeThe most reputable programs will offer some form of money-back guarantee.

@Megan Stone good to hear this attorney offering you excellent advice even though it isn't in their 'best interest'.I've always established my commercial RE LLCs in the state of the asset.  

Sellers did share numbers but they just lived there so doesn’t do much with collecting rent numbers. and agent is asking for numbers from OTHER UNITS because the one I have an offer on was personally occupied.do you have some to share? 

Feel free to send me a message, and I'll see if I can be of assistance. 

.) - Many residential lenders now offer 'business loans' or DSCR (debt service coverage ratio loans) from 5-8-10 units.

Understand you're excited, but why aren't you posting actual questions we can assist with?

As of November 2023, Fannie Mae offers a great 5% down conventional loan on multi-families.