This is why it is first and foremost critical to understand the costs of owning a note.Things like legal fees, servicing, and insurance are all getting more expensive.

You can say you understand etc but don't make promises. 

It is my understanding that for a rental property, the discount points are deductible in the year the property is purchased.

Hello All, So I have tenants that are not quite understanding the difference between functionality and personal preference.

my understanding that there is rent control as well and can not increase rents more than 7% a year for the same tenant.Just trying to see if there is a possibility to enter this market at this timeTIA

I understand nothing will cash flow positive doing this in my area but it would at least help with payments. 

My understanding is that military can receive an extension of the "must live in the home 2 out of 5 years" to 10 years.How does this work for taxes??

Brooklyn-There is good money in that line of work as long as you are good with numbers and understand the markets.

It is important to consult with a legal professional or financial advisor to fully understand the implications of assuming the mortgage and how it may potentially affect your financial and legal responsibilities in the event of unforeseen circumstances such as her mother requiring care.

Spend the time researching your market, go visit other landlords properties to see what they are offering and better understand how they structure their leases.At this stage you should already KNOW whether STR/MTR/LTR is the plan.