You may also get a positive response...typically from someone that has no investment property or that recently bought their first one.

The problem is that the process takes extra steps and tax claim bureaus typically don't --- or won't care to --- take the correct steps to discharge it.

Hi Ryan,Here is how I calculate the reserves for these smaller multifamily deals (I own three 4plexes):Essentially, I determine the remaining life of the major items, like HVAC, water heaters, roofs, siding, etc.

I realize it typically is a lot more expensive to build new than to buy an older house, but I was wondering if anyone had experience building in the OKC area and could give suggestions on A) how much it typically costs per square foot, and B) if you know of good construction companies that you would recommend reaching out to.

In my opinion, a good lawyer and a good inspector are essential.

The work essentially needed is:1. cut a non load bearing wall2. take out all cabinetry and old wood counter top3.

As this will be an owner occupied loan, you need to follow some guidelines, start by finding an RMLO, registered mortgage loan officer, licensed.This of course is not a typically great, risk free deal for you.

Similar units in the area typically pull in $500 more per month on a short term basis vs. long termThe seller purchased the house 1 year ago for $210kI’m inclined to offer $265k and see if the owner counters.

Anyway, I digress...in the midwest, closing costs are typically not more than 3% of the purchase price.

My target is typically $500 per door.