Though it may seem to save them money, many homeowners end up with shoddy work being done that isn't to code, and end up paying a fortune to get it corrected.  

As someone who does this, we actually take really good care of the property because it needs to be in top shape for the corporate client.They usually pay a premium to market rent too.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

If it’s $50k you pry pay the $12.5k in taxes.

I want to prorate it to the current rent and ask them to pay the difference.

As you start to build a relationship, I've had success paying contractors for quotes until you do a job with them.

You can literally find answers to all of your questions within the confines of this site.

Just use archive.ph for any pay wall articles.

Hi,For one of my rental in San Diego,CA which i listed for rent around $5K per month I am getting clients who want to pay all cash for a year.

I don’t mind paying the appraisal for it to be done.