Be smart and protect yourself, screen your tenants thoroughly and provide a quality product and I doubt you will need an attorney anytime soon.

Any other products you would talk about on this site - private money, hard money, etc, are going to carry the same higher costs.

Do what you can to keep you income productive.  

Grannies that are living in Hyde Park or some other older area of the city with a mortgage free house and can't pay their taxes need to talk to a mortgage broker about a product called reverse mortgage and get paid money for living there.

There are many benefits to using this loan and we will list those below- however please keep in mind that a licensed mortgage originator should do a full analysis to see which renovation product is right for you and your family.Here are some highlights of the Fannie Mae Homestyle Renovation Mortgage: Perform almost any type of improvement or repair including luxury itemsImprovements and repairs can go up to 50% of the after improved valuePrimary residences, second homes and investment propertiesOne- to four-unit homes, condominiums, and PUDS30 year fixed rate mortgagesAs little as 5% downNo mortgage insurance for loans with 20% equityReduced mortgage insurance for loans with less than 20% equity versus a 203kAdditions and second levelsSwimming poolExterior spa or saunaBuilt in BBQ island and outdoor kitchenBuilt in outdoor fireplaceTennis courtsGeneratorand really anything else you can think of!

I just spoke with Capstar bank down in Nashville and here are the terms they gave me - your thoughts on the LINE product v Investor Mortgage?

Technology and social changes are the most determining factors for respondents. 91% believe that technology will change the way we use real estate assets.Cars without driver and incremental use of car sharing, will free the space in the cities, with less space necessary for car parks.The Internet will definitely modify the real estate business, both in retail and residential.The 3-D printers will provoke that it will not be necessary to store products, nor even to move them, since they can be generated at the desired time and place.The analysis of data allows a better understanding of the behavior of potential customers, as well as measuring the experience in the process and the satisfaction of those who are already customers.

Not every bank offers that product though and they take 30 days to close on the property.  

Fannie and Freddie took only minuscule losses during the recession on their multifamily products and their current offerings continue to have excellent terms.  

With the TransUnion product and similar background checks the applicant will go online and verify their identify and enter their social security number to "release" their credit information to the landlord or property manager and this is a soft inquiry.