I have been trying to talk to the sellers about the benefits of it for both of us but between work and ignored text messages it's kind of a struggle.To answer your questions:• I have done two light renovations on the apartments in the 3-unit that I own.• I'm expecting that renovation would take less than 12 months (and that's with me working a full-time job on top of it).• I estimated that the repair costs would be close to $10k. • My final plan is to rent the units as long and medium term rentals after refinancing and buying out the seller.• I do not currently have enough liquid capital on hand to put down 20% for a DSCR type loan.

Very nice, very respectful and overall super pleasant and appreciative...BUT...they checked in and wondered if I had a wall clock, they needed a reading light, wondered about a 6' extension cord or if I could get them one, were there more hangers etc.

If they are already in close proximity with an established presence, there would be little incentive for them to relocate unless your property is a substantial upgrade.

Account Closed hi Zach do you know under what circumstances you can use losses to offset your W-2 income?

Property: HereComp: Here (Sold on 8/1/2022 same street)84 Grangerford Hts, West Henrietta, NY 14586Listed : 100kHML at 80% of ARV (240k) = 192kInterest only payments (10% interest)(192k x .10) /12 = $1,600/monthPoints = 2 (192k x .02) = $3,840Loan origination fee's = $1,000Additional monthly holding costs:- Taxes (5k/12) = $416- Insurance = $60- RGE = $120Total monthly = $596Duration of rehab = 6 monthsInterest only ($1,600 x 6) = $9,600Points = $3,840Origination = $1,000Holding costs ($596 x 6) = $3,576Total Holding costs = $18,016Loan amount of 192k:Subtract:- Purchase price = 100k- Closing costs (4%) = $4,000- Rehab = $50,000Totaling = $154,000Remaining balance on loan= $38,000Sale at $240,000:(-) (Realtor fee's (6%), closing costs (4%)) = $24,000(+) $38,000 Remaining from HML(-) Holding costs ($192,000 + $18,016) = $210,016Profit ($240,000 + $24,000 + $38,000 - $210,016) = $43,984 - (capital gains at 22% completely estimated) = $34,308Buy and hold:Appraised at $240,000.

Last house I closed on was Sept last year - I let it sit and started working on it in March.

I never had to do it but I would assume you could just cash the money in a bank if they asked pre-closing.4) If you're considering reaching out for more information, feel free to let me know.Lastly, regarding the policy with Mass Mutual (or NW Mutual too), it may not be advisable to use them for your intended purpose.

Fiberglass is going to cost 100-300 more, but the door I'm replacing is probably close to 50 years old, so for that length of time, a little more on the cost isn't the end of the world. 

A small price reduction to compensate for not making the units vacant for closing.

Account Closed The lawsuit I mentioned would be to quiet title — whether based upon the unrecorded POA, fraud, error, mistake, adverse possession, and/or anything else a local attorney could come up with that might be successful.