Likely $5300 though.Logan square neighborhood: safe, walk able, desirable, close to public transportation, close to restaurants, gyms, etc.

POOF goes any equity and the lender's security is jeopardized.

. :/ safe and secure versus bold and uncomfortable..

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Im also hoping Ill be able to secure a better rate of around 4.65% which will really help the the property cash flow.

This must have been a marketing attempt to get good publicity.

@Elisha SalgadoHere is one possible scenario:I am currently buying another 6 unit with 100% financing, its not exactly no money, but I have secured a private loan for 10% of the 20% down payment.

As of last night (Thursday), I now have a signed lease with a paid security deposit ($1350) and June's rent ($1350).

The security of fannie is what allows for such a low (25%) amount of equity. future investment properties will continue to fall in this 25% bracket I think you can buy a higher rate and do 20% down for the first few, but with rates rising that won't be as lucrative anymore.

Looking for any input or suggestions that would allow me to secure this deal quickly.