I have such a good rate with my VA (3.25) that I really don't want to refinance it after a year and go with conventional.

However city is imposing a good amount ofimpact fees based on the bedroom count - which accounts to close to $40 k , which i cannot afford- Ibought the house for myself to reside and cannot afford to pay this.We verified with city prior to buying and theyconfirmed it is residential zoned , however never mentioned about any impactfees.It is residential zone - MLS shows it as 3 bedroom 2baths - it had a extra unit  in the back and also a inbuilt rolling bed on 1st floor for the main I am stuck here- they are asking to prove it was usedas a residential -ever - any guidance would be appreciated on this.

There are fees, but the big one is upfront and then yearly it's like $18 to renew and they let you self-certify for 5 years.

With no late fees- rent is always paid with in the 3-day grace period annual rent is $5400/yearWith chronically late payments a $450/month apartmen with a $45 late fee is $495  or $5940/year.

For example, some cities have started capping the number of short-term rentals allowed, while certain HOAs impose fees that can significantly cut into your margins.For out-of-state investments, having a trustworthy property management team that understands local laws and has good relationships with HOAs can make all the difference.

.- Interest rate fluctuations: Mortgage rates are predicted to decline, potentially dropping to around 6% by the end of 2024.

If the budget surplus is known at the time of the sale, then the seller may be able to get a pro-rated credit on the closing statement, but usually once the sale is done, it's done.

I find it hard to believe they forgot but unfortunately I paid a $10K due diligence fee in North Carolina so will need to see what legal recourse I have.

Subtract all costs (mortgage, property taxes, insurance, maintenance, property management fees, and HOA fees) from rental income to determine the estimated monthly cash flow.

If she wants to pay 10% - 15% more every month due to late fees, that is ok with us.