Either way, the deal is typically attractive to an investor based upon level of confidence, experience, length of time, level of risk, amount of money at risk, and rate of return. 

Length of prepayment penalty- Generally prepayment penalties run from 1-5 years.

For this small multifamily I haven't found it cost effective to go to that length. 

Before deciding to buy, it would be worthwhile to put together a cashflow analysis for the length of time you plan to hold this property...is your return projection high enough for your needs?

I am looking out a few properties from REI in Albama such as below and wanted to know they are - 1. really worth the quoted price2. is the rental value sustainable around 1600$ a month. thank youBirmingham New Build245 Willow Ridge Ln (pics say 350 Willow Ridge however it is 245 Willow RidgeLease Closed Year 1: $1395Year 2: $1445New Build (Price is 240k but I dropped it to 225k and management fee to 5%)Pelham, AL405 Walker - Marketing picturesApproved w/DepositYear 1: $1650Year 2: $1700New Build (Price is 280k but I dropped it to 265k and management fee to 5%)4437 Easthaven - marketing pictures - Tuscaloosa Lease Closed Year 1: $1550Year 2: $1600Lease Length: 2 YearNew Build(Price is 260k but I dropped it to 245k and management fee to 2%)

Advance booking lengths depend on the place and why people are coming to stay there.

Now the payment on the new note is for the same amount but lower, so would have to have the amoritization length and rate to give a more specific answer. 

It's actually good that you cannot find this garbage anymore.No simple rule exists really, however the length of the loan and the type of the loan do not matter. 

The calculator will show you how much your increased principal payment reduces your overall length and amount of debt during the life of your loan.

The term length is often lasts 10 years and can include restrictions on sale during the term.