Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

Note that most of the time the Cost Approach is not used in valuation, so this functional obsolescence feature may not be recognized by an appraiser.An appraiser should note that on the appraisal form (e.g.

BP is a great place to learn from the experiences of others and form genuine connections with other investors around the country.I'm a born-and-raised North Jersey investor and Realtor up in Bergen County, so I'd be happy to connect and chat about you and your investment objectives.

Genuinely curious.

Could use it to fund a downpayment but your debt service will be very high so you will want to make sure it cash flows and if it does I would look to refinance sooner rather than later with a lender who will recognize the income the property makes not as much comps.

The courts recognize these leases as they are drafted with proper language and hold up in court. 

Those who are genuine about turning their condo into a rental are going to be frustrated as they now are competing in a much bigger pool with disingenuous participants who intend to use the rental queue as a means to profit.I view it as a net negative.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

Just recognize the repercussions:You are taking away from the NOI of the asset.

Unfortunately, we do not qualify for REPS status and have too much W-2 income for the losses to be recognized.