Once you move in, refinancing into a lower-rate owner-occupied loan could be beneficial, but again, your 1099 income history will play a role.Lender-Specific Guidelines – Some lenders might have clauses about intent to occupy, so make sure there’s nothing in your loan docs that could create an issue down the road.

If you play around with my DSCR pricing engine link in my profile's bio you'll see that the difference in rate for 680 vs. 780 is about 100 bps.Most lenders have brackets for about every 20 points or so.  680-699, 700-719, etc.

Real estate is all about learning as you go and playing the long game.

Sometimes the best investment is found in a 'transitioning' market that is just outside the 'great' market and is in play to be the next great one. 

I’d love to play squash or golf with you there sometime.

Yes the Class feature Cost a bit extra which is a bummer bet the support for it is amazing, and it is easy to allow access for Tax Accountants to pull the reports they need rather than my clients playing middleman. 

But if costs are high or demand is uncertain, holding onto the land while monitoring the market might be the better play.

I'd love to hear how this plays out as well.

If the property is in service (advertised for rent), you can maximize the de minimis safe harbor rules which is where the $2,500 per invoice or per item comes into play.

That’s a smart play, especially with the kind of turnkey product you’re offering.As for our 40-100 unit deals, we’re looking at a mix of syndication and private money for financing.