I’d recommend a consultation with an attorney specializing in these, in addition to an accountant.

My point being, all things constant, I usually see an appreciation of about 1-3% in addition to the loan being paid down creating equity.

Given my lack of experience in accurately assessing the additional costs and potential risks of investing in an AE zone, I felt it was best to step back and refine my evaluation process before taking on something like this.Thanks again for your input!

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved). 

Additionally, I would suggest you run some financial calculations such as cash on cash return as well as any appreciation from the asset if/when you sell.

If you are looking to refinance the rate and aren't concerned with taking additional equity out on your property, then you should use a rate/term refinance.

These are professionals with additional training and a stricter code of ethics.

I just saw that Antonella Parra Gonzalez, a third-grader at Harris Elementary School in Gilbert Public Schools, recently received the Arizona English Learner Students Success Story Award.Here in Austin, many investors are asking me to set up searches in Eanes ISD, Round Rock ISD (that also cover some homes within the Austin city limits), and then of course Leander and Lake Travis ISD.