Adjustable-Rate: If you plan to refinance, we can discuss fixed-rate and adjustable-rate mortgage options that suit your long-term goals.Cash-Out Refinance: Once the property appreciates, a cash-out refinance can provide funds for further investments or renovations.Living in the property initially helps you build equity faster.Your townhouse investment is a promising venture.

Then you can start to build your team in that area. 

I have been working with investors over the last 3 years helping them find good deals on land in desirable locations and then building a new house on it to resell.

Hopefully, this first investment will launch our journey in real estate.Here are some criteria we have in mind:Not in downtown SacramentoClass C+ or B location, since we will be living in one unit (we just want a safe location)Units with shared walls, not ceilingsSeparately meteredFairly renovated or well-maintained (not a fixer-upper, but if one unit is renovated and the others need some work, we would love the experience of fixing and renovating)Can you think of any other factors we should consider?

We are looking for houses with larger lots and favorable zoning to utilize our owner occupied loans and subdivide and build while we work there.

So, while taking into consideration the age and condition of the damaged item at move in and the time the tenant was renting for is a factor, I personally don't think using a strict IRA depreciation schedule makes sense.

There are a lot of factors that go into the pricing of a loan such as loan amount, purchase price, credit score, income documentation type and property type. 

My business partner and I created Quality First Builders, LLC, to build new construction spec homes in the Triangle and surrounding areas.

With that we go back to the aforementioned "pottery barn" this building sat directly behind their home.

There may be additional zoning or building requirements depending on the number of rooms in the unit.