I am doing my 2nd cash out refi on a rental house, and the bank is telling me I have to pay $450 rate lock fee, which I said I don’t want if there is a fee with it. They claim this fee has to be charged whether I wan...

I have most of it worked out and she has reviewed it, but questioned the section that stated the tenant was responsible for the costs of repair and replacement of all appliances.Is this typical to have the tenant pay for replacement of appliances that naturally burn out? 

Typically to meet my criteria my all in costs (purchase + repairs) have to be no more than 75% of what I have calculated to be the ARV based on comps I pulled.  

Ask for this along with typical NOI and expense ratios questions.

Your vacancy is typically going to be higher too for a 3bd.

A Notice of Option is typically the best way to hold a position on the ability to buy n resell to the end buyer.

It is a well understood fact that vacant properties typically sell for more than tenant occupied properties.

Getting a loan for these typically depends less on your income and more on the net worth of everyone signing on the loan and the deal itself.

Typically a lot of multifamily in Memphis is in rough areas.

There is typically only an assignment of mortgage/DOT recorded and these do not include the purchase price.