Some markets do well for private rooms and you can use services like Everbooked and airdna to get a better idea on what your market is producing.

My biggest advice is to understand the difference between having a job and owning and running a small business.

The biggest issue seems to be too many investors and not enough inventory.Anyway, they have recently begun taking reservations for an OPO, $10/share.  

Most have a daily limit of $500 or so.On the receiving side, the biggest challenge you'll have - depending on the amount of money involved - is finding an agency that has sufficient cash on hand to pay it out. 

What are some of the factors I should take into consideration when choosing between a Government loan or a Private conventional loan? 

These are the rates from a large bank and a private mortgage loan company.Love to hear any of your feedback. 

Great way to pass wealth to heirs, however, especially if you don't need to take distributions before your own dead end ;)I'm guessing I can find a local portfolio lender or private money for non-recourse loans with good terms if I look hard enough.

I am happy to discuss further...feel free to reach out privately.  

For a Monte Carlo simulation, I might apply a +/- to that and see to what extent variations in that estimate have ~non-linear effects on the final answer.Agree that one of the biggest impacts is the current value; for two of my properties the mortgage company provides an equity estimate (which I have no idea how accurate it might be since websites like Zillow, etc typically don't handle multi-family properties very well), but here's a sampling of the estimate variations from different sources:$252K (Appraisal for refinance 21 months ago) vs. $269,939.00 (MortgageCo) vs. $294,900/$321,230.00 (Realtor; CMA vs.

To get a visual, is a basement dirt floor, no entry, but private; 1st floor kitchen & living room, however they just threw a stove & frig, in a room, so, I would have to put in an actual kitchen; 3rd floor 2 bedrooms & full bath (its nasty and needs a full gut), 4th Floor is an attic that is like a full floor so it's a nice perk to store stuff; but the condition is beyond what I can describe...it's like you owned a building for 50 years and you did no renovation EVER and that's the condition.