With only 5 units total the cost is worth the reduction in hassle.Anymore properties I buy will need to be professionally managed with an eye on income.

Ditto on John to get a price reduction.

I understand the 3.6% includes principle reduction but that IRR excluding principle will go down and under water if you are forecasting declining property values.  

The Gip ran on a platform of 30% reduction and received 25%.

.- Freddie does not have reduced LTV's from 75% LTV to 70% for purchases when going from financed properties 5-6 while fannie gets very restrictive after the 4th financed property (5% LTV reduction, 6 months reserves PITIA on all properties except primary's, and 720 min fico)- Freddie does not have min fico when going from 5-6 fin props while fannie is 720 + after 4 

Additionally, you might want to  connect with a reputable tax reduction group and run it past them and gauge their thoughts and see if they might have any suggestions.  

, a $30k rehab (if furnace works and no other issues discovered) and estimated closing costs of $9k upon sale (rough estimate as I don’t know your market), at $150k ARV, you’re margins are really slim and don’t appear to account for holding costs (utilities, taxes, lawn maintenance), a price reduction if It sits too long or other unanticipated costs which come up most of the time.I wouldn’t touch any walls anywhere if they weren’t already included in your budget and live with the existing floor plan.

Personally, I look for houses that have been on market for more than 60 Days and who have also had price reductions within the last 60 days.

I have faced this recently, and price reductions do help get showings and offers.

Linky link.The Department of Housing and Urban Development announced it suspended the reduction of Mortgage Insurance Premiums, effective immediately.HUD sent out an announcement just an hour after President Trump was sworn in on Friday, stating that the cuts have been suspended indefinitely.The letter, found here, stated that the FHA will issue a subsequent Mortgagee Letter at a later date should this policy change.