Looking to expand my portfolio or possibilities.

Hi all,I’m looking to buy my first owner-occupied 4-unit property and I found an interesting one, but it’s out of my budget.

It also drastically interferes with the ability of property owners to screen potential residents.As I’ve said, tenant screening is the most important thing a property manager does.

Does a month long stay on airbnb or vrbo open you up to different tenant's rights rules that would leave the property owner unprotected?  

I will tell the future tenant's or owner to not lick the siding. 

We have two options on ours and the owner can choose. 

Here is how most work:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Have you considered doing a 5% down owner occupy loan? 

I asked my agent why the Sellers would downplay the property as only 1,895 sq ft and she said it looks like the current owners bought the house with the sunroom install, but could’ve later added the heating/cooling systems BUT, didn’t go to the county to get it permitted/assessed to be added as true sq footage.

So your 'cost' would actually be 10.5% since your parents want to earn 5% but.........this method avoids this 'loan' showing on your DTI because the only people who know about the loan is the insurance company and the owner of the policy that took the loan.