Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

I am currently going through a bad experience with Citrona Homes.

Current market value is about 650k. 

It represents the number of months it would take to sell all homes currently on the market at the current pace of sales.

If anyone can point me to specific language in the laws passed that does so, that would be helpful as I am operating under current knowledge that short term rentals can be had with ADU's.That said, since the bill does not appear to prevent local municipalities from adopting no short term rental policies, I suppose they can.

Don’t have the current terms but can get them3.

Legal 3 flatUnit 1 is 2 bed 1 bath currently rented at $2,000 per month (lease expires summer 2025)Unit 2 is 2 bed 1 bath currently rented at $2,250.00 (lease expires summer 2025)Unit 3 is 3 bed 3 bath duplex up owners unit.

First time buyer here, looking for advice.Like most first time buyers currently, I’m heavily questioning buying if now is the right time to buy. 

I am not sure how much houses run around here right now in the current market I have been looking on realtor 200k-400k, I am looking for basically a cabin preferably a short distance from pigeon forge and gatlinburg.  

This means you would need to refinance the current house into a conventional loan before you can get another FHA loan.