First thing to understand, St Cloud area has a significant % point of rental units too ownership far above state average, with that knowledge at hand know regulations were far more relaxed for some time, and than a few persons came into the market and took advantage of that freedom and in short created a situation that forced the city into action, it's just that simple.

Renter's insurance ensures that if something happens to the unit that renders it uninhabitable that they have a policy in place to provide financial relief for relocating.

The unit is zoned commercial, and I pay some of the utilities.

Buy with equity and cashflow, improve units at vacancy, increase cashflow and then pull money out and go do it again.To Your Success!

I ran into an issue with insurance on one of my properties.House built in 1880, 5 units with another in a semi-detached house that has its own address.Insurance before purchase was a bear but I finally got Auto-owners to cover it.A year later they reviewed it and oops your electrical is not up to code and now I have to spend another $30k to fix it or they drop me.If it was only 4 units then it was likely that Foremost would have covered it with a rider.

I want to buy him a home (1-4 unit) which would be his primary residence.

By of example, in April of 2022 I refinanced some newly built housing units at a 5.25% rate.

I've started negotiations for a 7 unit off-market offer as we speak. 

This criteria is for 1-4 and 5-8 unit programs.

This is usually Single Family or 2-4 unit BuildingsTo these sellers, I will always say: keep at least one unit vacant before selling if you can.Most Buyers are looking for a place to live, not an investment property - especially if you are selling a single family home.