Nice work if you can get it.4/5. yea some states require a registered agent and have a fee OKThe rest is crap.

If you do cash out refinance it would allow to only get to 75% LTV around the high 7s with some points, they would still require to be 1st position.

Thank you  @Jamal L. those are very normal terms and requests when negotiating commercial leases that require tenant improvements.

Thanks in advance.Fannie Mae & Freddie Mac are out because they both require mixed use properties to be a one unit dwelling.

Yes they are required to clean up immediately after use

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

I’m looking at executing on a 15 unit deal and using third party PM.My question for those who have done the same, how does the third party execute the various requirements such as leasing & maintenance and how much do you pay for those services?

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.

@Alexandra BermanMost conventional financing requires the property to be insurable (livable).

To illustrate the seriousness of the situation, consider this example: an apartment on Calle Princesa in Madrid, a premium area, valued at 450,000 euros and 70 square meters, will be legally required to rent for a maximum of 950 euros per month.