This property does not conform to the 1% rule if that was your goal (unless you can get the seller to drop the price over $25k). 

Rates are down, conforming loan limits are up, unemployment is at an all time low, building permits are up, big tech is moving here, tax advantages and still affordable at a SFH Resale median price of 320K.On December 30, 2019 the U.S.

Also, once it’s more than 1 to 4 families, it’s no longer residential so the “nice” conforming loans are no longer available anyway.Make “it” only as complicated as it has to be.

@Jared BlalackThe min conforming loan is 50k.

Post move out depending if I duplex the basement or go non-conforming, should Cashflow $300-600/m.

No luck so far even offering to put 40% down payment and with perfect credit.Does anybody know of any conforming IO products out there?

If they're already executed, ask the attorney to amend them, and next time let your CPA review before they're signed.Lance gave the general rule for federal income taxation.Not all states conform to the federal treatment as far as income taxation goes. 

You cannot get a traditional conforming Fannie/Freddie loan for a 5+ unit complex - you have to go commercial paper.

@Toni AnnisYou can’t get a conforming loan ona mobile home.

Purchase price: $181,000 Cash invested: $20,000 Legal non conforming triplex in St.