Is paying off loan quickly a bad idea?  

@Brian Garrett   Yea he'd have to if they're only staying weekly which could be a bad sign.   

Hello BP family,So after taking the advice of Brandon Parker and learning what's a good deal by analyzing 100 bad ones, I came across this one, located in Memphis. 

As a result there is a very real danger that hosts will be penalized, receive bad reviews on social media, and even lose their accounts on Airbnb/VRBO which could quite realistically cost them their businesses if no consideration is given to grandfathering in owners and hosts who are already operating more than one STR per lot, not to mention it seems fair to give owners and tenants a chance (as was mentioned) to recoup their significant investments (as one neighbor mentioned--her life savings) which they made under the existing laws." 

"Rich Dad Poor Dad" seems like an obvious starting choice. 

A deal has to be a deal from the beginning... let the big guys take on the bad eggs and wait it out. 

hey just some advice from a plumber ive been doing plumbing for 5 years nowyou said you had a iron sump pit, likely the pit is beginning to corrode and thats the cause of the iron deposits, now a days most pits are made from composit plastics ,another possibility is the piping could be the cause if its a metal pipe [iron or galvinized steel ] it could be contaminating the water being pumped out, again most pipes now a days are PVC either sch 40 ,80 or ABS to prevent this issue, it could be the pump is corroded and failing but if its working i doubt that its that ad if the pump was that bad it likely would have failedother than those the only other thing that comes to mind is that it could be something in the basement that is made of iron or steel that is in the pathway to thw water on its journey to the pit.hope this helps

@Jason DiClemente I think you're being too generous about  them not caring about personal DTI. as a first multi and not much history, personal financials will be an important factor)-credit score doesn't get whacked too bad after your credit utilization goes way up-have 6 months of reserves, and maybe more -property is profitable to support both debt servicesthen you can probably knock this out.

That's not bad for a two year hold being a first time buyer.

Background Story; My fiance's best friend, recently going through a bad break up, has always rented (lives with her sister, her cats, and her sister's dog), but she thinks now it may be a good idea to finally buy as rents are high and even more difficult for ones allowing pets.