As little interest rate as possible and as long as a payback term they can tolerate.Good Investing...

@Karran GuptaHi there,I found the Jersey City departments very helpful and informative when I called.COVID messed up my plans so I didn’t go through with the permitting process yet.I would call them with short clear bullet point description of what you are doing.They will explain the steps to you.Then ask roughly how long a permit similar to yours is generally taking at the moment if there are no issues.I can tell you that they guarantee you an approval or denial within 20 business days from the time they put it into the system.The steps that lead up to that are few and somewhat reliant on your doing things right as much as Jersey City.You could also hire an expediter.

As long as the numbers make sense, the best time to invest in real estate is always now.The sooner you get into the market, the better.

As long as you are providing a well maintained home, the rest should all have a strategic business approach to it, not personal.

The question I have is whether I should send a courtesy letter ahead of time letting the tenant whose lease I won't be renewing know that they need to be looking for new residence as long as the sale goes through, or if that is too much of a risk since things are not finalized yet.

Work with a good INVESTMENT agent in the area you want to buy in.Here in columbus ohio if you tell me you want 10+% cashflow and value add and have 20K, I'm going to recommend you house hack and put 5% down and do some light cosmetic work while you live on one side for a year in a B-C neighborhood.Not much can go wrong when you buy a 150K duplex that you are living in as long as you run your numbers and do your due diligence :)It won't be a home run but gets your feet wet and you'll learn a lot and buy better and better deals as you go.

It's all an agreement between the seller and buyer and, as long as both parties agree, you can do whatever you want!

@Greg HopkinsonTrust me you will never have trouble finding tenants, as long as you have a clean and safe house.

@Adam FrantzAdam, I think that if you purchase a property with tenants in it, so long as you check their payment history through covid, you shouldn’t worry about it.

My question, if any expert can please help; is if the General partners are not bringing any dollar to the down payment, is it reasonable for them to charge property management fees of 5% as long as they run the property and is it also ok for the other general partner to collect Realtor fees at the end when property sale occurs taking 3% of sale price.