[REMAINDER OF POST REMOVED BY ADMIN - NO SOLICITATIONS ALLOWED IN INTRODUCTION FORUM - PLEASE REVIEW FORUM RULES]

I wouldn’t have had offered such generous price for this house in order to ruled out my competitions; $13K above its REO listing price; only if the agent isn’t seemingly tried to pulled a fast one on me to avoided most buyer’s HOA syndrome, besides the seller’s agent was manipulating the selling price as well… my agent is just now requesting the HOA service coverage from the escrow for me… Any thoughts / advises would be appreciated.TIA

The lenders rules are becoming a lot tighter with regards to their polices........

PLEASE REVIEW THE FORUM RULES.

So there is no rule than duplexes appreciate better than 4-plexes or any other over another.

Enforce Rules and Leases: By enforcing reasonable rules and regulations your community will be regarded as a safe and comfortable environment.

Read the forum rules that you agreed to follow when you signed up for the site, please.As Jon suggested, why don't you tell us about this system of yours.

You would be doing Residential financing, so the rules are somewhat different.Most banks will require PMI (Private Mortgate Insurance) unless you have an equity position of 20% or more, that means 80% CLTV (Combined Loan to Value) or less.

If so, apply the 70% rule of thumb.

Is there a general rule of thumb for estimating closing costs for commercial properties, ie % of purchase price?