As well as moving from higher cap ex exposure to lower cap ex exposure.Cash flow may go down but when the other components of the IRR go up ( appreciation, depreciation, and amortization of the loan) your IRR goes to the moon and more than offsets any drop in cash flowJust make sure you stress test and can withstand any drop in cash flow.

First post to test the waters!

(Hydrostatic test needed as well)

If this is the case for heloc’s then it’s safe to say this could also be tested for first position liens.

It was the tenant's responsibility to test the batteries periodically and replace them. 

I've never done a MTR so I'm not sure how to stress test on that. 3.

Good luck on your test if you haven't passed it yet you've got this!

Then the test is a bear in Cali, only 12% pass rate...harder than Bar Exam.

FHA and 3-4 unit properties don't mix in Oregon, as most don't meet the FHA's self-sufficiency test (75% of rents cover your entire payment).

. :-)I'm willing to bet that the real GCs in Texas are every bit as good as in Cali.Agreed.All you need for a GC in TX is to file a business license with the state the last time I checked where in CA that's the last step with the fictitious entity at the county and city post qualifications/experience, testing, and backgrounds as you know @Bruce Woodruff