Here is the latest example from yesterdayThis is how they advertise it, $180,000“If you’re looking for a great investment, with great bones and endless possibilities, this 3-bedroom, 2-bath gem in New Braunfels is it!

This was my second foray into real estate investing, the previous one being through a “full service” turnkey provider.

If I were to invest into one that was grandfathered in, would I have to convert it to a MTR?

You would then have two loans, one on your home and one on the refi to access the equity on the investment home.Why not just use the refi cash out from your home loan for future deals? 

I'm also based in CA and invest out of state (Detroit).

Quote from @David Cherkowsky: Hi All,I purchased an investment property in the middle of last year and to this point have been using 0.75*lease value in my DTI calculation.

I started investing in 2021 while living in San Francisco and have been pretty happy with my decision and own 13 doors in the area currently. 

As a lender that has also personally invested in many properties, I think both sides can get too greedy.

Congratulations on your first investment, excited to hear more about your success. 

Looking to invest in multifamily apartment complexes>50 units.