You can get 30 year products (fixed or adjustable).For a MultiFamily they will take Annual Gross Rental income less annual operating expenses, property mgmt fee, taxes and insurance divided by annual debt service.

So I will adjust and adapt as time goes on until I see this as a no-win environment.

Your monthly payment will be adjusted depending on the outstanding balance.

@Yengkong Sayaovong With a private lender you will generally need a 20-25% downpayment to purchase an investment property, and can get 30 year products (fixed or adjustable) on 1-4 unit properties.

@Daniel DietzThere are no restrictions like that, you can have loan that is interest-only, fixed or adjustable, 1 year loan or 40 years loan, or anything in between, fully amortized or balloon at the end of x-number of years... as long as the loan is non-recourse.

Typical rates run : 0-2 points at closing, 6%-7.5% for 30 year fixed (lower for adjustable).   

When the property is sold, the SEV value is automatically adjusted based on the sale price and the new property tax is determined on the updated SEV.

Bottom line, they already made adjustments do it now.

Originally posted by @Alvin Sylvain:I can't say if there is any "interest" on the taxes, but you should have a copy of the Full Disclosure so you can check.The cash-out amount was adjusted lower for closing costs (expected), and then downward again by about $6k for the escrow amounts.

ACV can bite you if you're not ready when the adjuster depreciates your claim and you have to come up with several thousand more to make repairs.