So by that time it will be close to the end of the month, meaning they will have had three or four weeks to pay the balance due.

So if we are using this business credit card to buy some of the materials for the reno, then we rent it out, then we use the cash flow to start paying the balance down, how will that effect the cash on cash return?

Definitely difficult to do and I've heard from some Jersey City people that the zoning board doesn't do those anymore but it's worth a shot especially if it's an above ground basement.

It's VERY difficult to find any rental out here that hits that 2% mark.

Their total mortgage balance (with one point on top) is $219,170, financed with a 6.26%, 30-year mortgage.

October - February can be difficult.

As the landlord, it was all about my balance sheet (the first question on the response form from CHRO was what did I own & how much did I owe on each property), not intent or guilt.

Do you find it difficult to find tenants if you don’t offer a 1 year lease?

I've been trying to figure out how to get it for myself but the lender I'm working with has been a little discouraging saying that it'll be pretty difficult to justify moving from a single family to a 4 unit when working with the underwriter.

If it’s difficult to find that, be patient, look harder, and be creative.