There is a huge variance in underwriting guidelines, programs, rates, etc.Send me a message if you want to dive in to the scenario any more!

. ($85k) The ONLY thing preventing the loans from being accepted is the square footage of the house. (500 sf) Everything else about the house passes with flying colors!

if the building cashflows really well ... it wouldn't be a big deal to use a loan for dp right...at 10% down for lower income housing I don't have much money and I think that this is the best way to get multi-family management experience to meet hud loan requirements in the future which Have the lowest Down payment options.Am I overthinking it?

Many houses in Trinidad were built by inexperienced homeowners where you may find lots of hidden repairs.

My intention is to house hack and eventually STR the property. 

We put both houses in the MLS and have had to reduce the price by more than 14% and still no offers. 

You can wait for the tenants to move out on their own or allow them to move into a newly renovated unit at a temporarily discounted rate. 

Purchase price: $317,000 Cash invested: $30,000 Short term primary -> long term hold with a 3.25% interest rate.

Hello, I'm looking to connect with others doing or interested in doing Workforce Housing in SW Florida. 

Hello Andy, if your 1st property is finished you will be able to pull 75-80% of the market value out of it, if you have a minimum of a 660 Credit Score you can get a DSCR rate which will be in the high 6 to low 7% range.