Income/GRMs tends to vary widely in 2-4 unit properties and is not very consistent in my markets and therefore, typically doesn't seem too meaningful in my 2-4 unit reports.Won't the lender make the choice to lend on Comps or Income (???)

It also looks like Rent Redi is a good choice to manage properties, especially with it being free through BP. 

Trouble is, when the choice is between logic and emotion, emotion usually wins the battle, but in the end loses the war.

I can go LTR as we have had it for some time but prefer to have the choice. 

If so, then a cash out loan would be the obvious choice here. 

I just had a client that chose a higher rate to change his prepay penalty from yield maintenence to a step down prepay because that was a better choice for his exit strategy.Lastly. when you are looking for a lender, look for someone that works for you. not for a bank.

So many folks really pushed rents for LTR recently but I am a fan of strategic pricing at about 95% of max market rent and to make sure I remind prospective tenants that I’m giving them a bit of a deal with the expectation they will pay on time and really value the asset almost as much as me, and hopefully stay longer than 12 months to mitigate the turnover. 

So after a week of self-pity I made a choice, out of frustration at the world wallowing in it, and I told EVERYONE "I refuse to participate in a down economy".

HI Laurie,This one is going to be a balance of home sentiment, personal financial confidence based on your particular situation, and the choice of product.Choosing the right product will also be based on your perception of financial risk and your goals as well.A line or HELOC has its pros because you only pay interest if you use it which is nice because if you dont use it you dont pay anything other than the 0-75 dollar admin fee (most heloc’s have this and some dont just make sure to leave it on auto pay to avoid forgetting and incurring a late on your credit report).The downside with the HELOC is the insidious variable rate feature (margin + prime which is currently at 7% as of this writing).

Best of both world, meaning good quality and low cost, so requires smart design and choices.