You need your tax returns completed to get the best loans, especially traditional loans like an FHA or owner occupied loan.

I realllllly don’t want to sell because I don’t think it has had enough time to appreciate, but I also don’t want to waste thousands of dollars every year in the likely event that my co-op board will not allow me to keep renting out my place.

Although it might not be very much, that will likely be the best loan terms you can find. 

Most likely once you cut open a hole in your sheetrock you will se the 2x4 wall framing, and more sheetrock, which should be doubled 5/8" fire rated sheet rock.  

The other is that small multi unit buildings typically have a few less expenses since they are run more like mom and pop buildings (No LLC, no leasing fees, no property manager fees, etc). 

Every state is going to be a little different in terms of forms and procedures, but expect any buyer who is represented by an Agent to include a request for you to pay some or all of their agent's commission with their offer just like they would have prior to the NAR settlement.

As we will likely hear more about interest rates in the coming days I wanted to share some recent real world experiences in the Commercial Lending Space. 

Why we don’t like ARR (Average Rate of Return)It’s easy to skew the numbers.Here's an example of a positive ARR of 12.5%, but the investment loss is $50.Year 1 Start Value: $100 End Value: $25 Annual Return: -75%Year 2 Start Value: $25 End Value: $50 Annual Return: 100% ARR = 12.5%Am I missing something here?

I’d like to make the jump on my first rental property but have no idea how to get in the game.

For jobs like this in the future I plan to run as owner/builder and hire/schedule subs myself.