Assuming you don't care what the rate is or what fees are charged or if it's an adjustable rate mortgage, you can get a mortgage with way less paperwork in the future.

Also might want to check into smaller community banks to see if they offer some in house construction type loans for owner occupants with less fees, etc. than your 203k loan.

Or an agency/PM company (usually their fees are a little higher).

Hi, Curious to know if the town will throw the book at me if a home is purchased without a CO? I'm working on a quick buy transaction in Roselle NJ. SFR with clear title.

These were my requirements when I last listed a place (almost 3 years ago):Rental requirements:Credit score of 650+Verified income of 3x the monthly rentPositive reference from previous landlordsClean criminal and rental historyMaximum occupancy: 5 peopleApplication fee: 40/adult applicant

I looked at it then he told me it was going to be foreclosed on in 3 days and I didn't want to go through the hassle of redemption and more legal fees. 

Tax write offs – None – instead they are heavily taxed and have substantial on-going fees (fees that are often hidden from the investor until they go to cash out) 4.

Intent is to live in the largest area of the house, rent an already existing basement apartment on short term rental, add a bathroom and kitchenette to two finished rooms in the garage and create a second short term rental, and then put a yurt in the back yard with sole access to another bathroom that'd be installed in the garage as another STR. 

Be sure to price the cost of decommissioning the boiler and installing HVAC that is controlled and paid for by residents.2) Old windows can be expensive to replace, especially if in a historic district.

Cash-on-cash is your only metric here that may matter, and it's simply for comparing properties side-by-side and asking what the best use of your limited dollars is...Anyway,Your closing costs will be closer to 2% of the purchase price: $5,800 (unless the seller is covering this...if so, good job)Repair cost of $1,000 won't do anything...contractor fees will eat 50% of that...if you are renovating, you need to renovate to drive rents...$4k per unit will maybe do paint and carpet...a few fixtures.