I've made a  deal on a 6 unit apartment 5 minutes from the house. 

They are mobile homes, and I would love to have this property under my belt, any advice to get me in the right direction.

I am working on a plans for a 4-unit retail development in Bourbonnais.

I management my rental unit here in Houston using it.

There are 2nd position mortgages for rental properties 1-4 units.

Leaving $25-75 a month on the table to avoid a $1,500 loss of occupancy and a $2,000 unit turn bill is a smart choice.Best of luck with your new tenant!

You can collect all the rent and late fees in full but if your unit turns over yearly and takes longer to fill you make LESS money!

Personally I have my applicants fill out an application and pre-screen them before narrowing down to a short list before only running an actual background check on the first and possibly the second runner up in line for the unit.

 Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

The building has the following addressing scheme for the units: '123 Main St.