My credit score > 760-----------------------------I got refi quote for Property1 for 30yr fixed and the closing costs are as below : Origination fee - 1pointLoan discount fee - 1.3 pointsInterest rate - 3.5% (with my wife being added to the loan)Interest rate - 3.375% (just me on loan with tenant locked)total closing costs (including orig fee and load discount fee) - 6500Does the above quote is good or I can do better?

Unless someone enjoys it or can do it themselves I have found I can sell  vacant for less of a discount than it would cost me to retail it up in this market.

Looks like you have a lot of options for putting laundry on the first floor; anywhere above either basement bathroom or the utility room where you already have plumbing piped to that location will only take minimal additional plumbing.

Bruce, the trick is to get the house for a deep discount and offer cash.

I have read that discount points are optional My lender says that I can’t get around paying 2% discount points Has anyone else had this experience?

If the lender does max of 80% LTV and I purchase a 2-4 unit at a 20%+ discount from its market value does that mean I would have no down payment?

@Jacob SnyderLower price properties are usually purchased for cash, at a discount to market value.

An alternative to finding that steep of a discount relative to value would be to take on a hard money loan and bring that cash into a deal. 

House has room for forced appreciation as the kitchen and bathroom could use some renovations.

So some bathrooms that are functional were not changed out or updated or returned to their old state.Wheeler was bought for $44k, worth maybe $150k now.