Colorado Springs, for example, does both, but if you show another agent's listing(s), who are required to use Supra, then it will be a total pain in the arse to show get into these properties unless combo boxes are allowed.Good luck with it.

For example, it might not make sense to ball out and put a new metal roof on a Hilltop duplex when you could just put an asphalt roof on and it will do the same job for cheaper, even if you are holding for a long time.

I just responded to someone entertaining the idea of doing Subject To, which I enourage and an example I am currently doing.

This is very typical for multifamily, and also not uncommon for any occupied rentals being sold to investors.

You give good examples but these seem theoretical.

You'll have higher out of pocket costs for inspections and appraisal on 5+ units, LTV typically doesn't go as high, many lenders require a 70%+ occupancy rate.

Typical rates are 8-12% of income either monthly or yearly depending on manager.

Interest rates on HELOCs are typically more than a mortgage, but if you think about the blended interest rate, you are likely paying less for HELOC + old mortgage than you would for a new mortgage.

For example we'll be staging a unit and then doing high quality 3d floorplan pictures and creating a website on the units and other collateral because we know we can use those assets again and again for years and the costs will be worth it.

In most cases, this is enough information to figure out if you have a deal that is going to benefit the client and make sense for them (this is assuming you can get an estimated value of the home you'll be refinancing through other means, otherwise, you might also ask them for their estimate as to what their home is worth).If you're past this point of figuring out whether it's a deal that makes sense for them and you haven't run automated underwriting to determine what documentation is being asked for, here's a pretty standard list:- 2023/2022 W2s (any/all jobs worked during these years, regardless of how long they were on the job)- Most recent mortgage statement for the loan(s) you'll be paying off- Copy of their homeowner's insurance binder or contact information for their homeowner's insurance agent so that you can request this on their behalf- Most recent pay stubs covering 30 days (typically this is the last two pay stubs)- If the property is in a homeowner's association, you'll want a recent HOA statement showing how much the borrower pays for their HOA dues- Copy of the borrower's driver's license or ID card - front and back- If your deal requires an appraisal, you may want to get payment information from the client now.