Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

Isn't that giving them too much credit for future prospects? 

I’ve already created an account and post, yet it’s been awhile since I’ve been on here.

If you self-manage, account for your time (which most STR managers don't do)11.

I would suggest taking out what's called a home equity line of credit and use it to invest in more real estate but make sure that you have a mentor that has done at least 100 times what you are planning to do and follow a strategy that works for you.

That means that no matter what happens I can’t share with the owner the tenant credit report (according to the terms of my contract with my credit reporting service).  

I'm not going to extend hundreds of thousands of dollars in credit, really to anybody. 

Depending on your needs, we can share our perspective on success rates in various Disney area communities taking amenities, bedroom count, proximity to Disney, theming and all those factors into account..and we can refer you to a realtor who is a good match for you.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Both Account Closed have great advice.