Everything else is in line and depends on the property you are purchasing.Price: $71,733.48County Taxes (4/24 to 7/1): $80.58County Sewer (4/24 to 7/1) $35.93HOA Dues (4/24 to 7/1) $425.60Recording Fee: $60Title Company Fee: $136So my total closing costs were $738.11 or 1.03% of the purchase price.I'll try to dig up my last flip that I did in California to give you an idea of what I paid there.

My partner and I worked with tax lien and tax deed investments for a couple years (2017 - 2019) and will continue to do that on the side.

 Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

We have "squatters rights" aka adverse possession laws but it's really difficult to meet the legal requirements for that: the squatter must live in the property as if it's their own for 18 years, paying property taxes, making improvements etc. and it must be open and hostile/ against the true owners wishes for the full 18 years continuously to be able to make that claim.

Is it financed by debt?

In order to defer all tax in a 1031 you must purchase at least as much real estate as you sold. 

Is there a software out there that you use or recommend to enter all of the expenses into that will help with totaling all the expenses accurately into proper categories for year end tax stuff or by each project?   

Once the property is "sell or rent" ready, then you can refinance into long term debt if you plan to hold it.Hello, Simmy thank you for the advice!

@Bob Stevens that will be 8-10% net after all monthly reserves for property taxes, insurance, any owner paid utilities, vacancy (5%), property management (10%), and maintenance (10%).

It may help if you give some details on the area, how much you are charging per room, utility costs, taxes, etc.