Any recommendations for additions to the lease?

Properties in this location may vary in age and upkeep, impacting maintenance costs and potential rental income.

You do care what your interest rate is.You want the lowest interest rate possible.If the difference between 6% and 9% interest on $150,000 is $9,000 and $13,500, which is a difference of $4,500.The additional $4,500 may potentially only provide you a benefit of $1,500 as a reduction in tax / increase in tax refund.You are still on the hook for the remaining $3,000 difference.

Additionally, our strategic marketing efforts highlighted the property's new features, attracting buyers quickly and boosting the property's value, leading to a successful sale at $198,000.

Check in with him on the mortgage side first, there are a lot of creative income programs currently, including a P&L statement for entrepreneurs which could require less down..Good luck! 

These are generally business loans based on assets and income of the property often structured as DSCR (Debt Service Coverage Ratio) loans.

Additionally, our strategic marketing efforts highlighted the property's new features, attracting buyers quickly.

Specifically, the law requires the seller to provide information regarding all room additions, structural modifications, alterations, or repairs made to the property since obtaining title if they were performed by a contractor.

You can access nearly 95% CLTV (on a primary - depending on income) and on investment properties up to 85% (full income verification) or use the proposed rental income (DSCR) usually up to 70-75% max.

Additionally, our strategic marketing efforts highlighted the property's new features, attracting buyers quickly.