Most consumer loans do require this, but investor loans vary more on this point. 2.

Hello All,So there is this multi family property I am very interested.

Side note: My husband and I are currently funemployed (we both have seasonal jobs) until October, so not sure if we could qualify for traditional re/financing options at this time.

I am willing to pay this 144,000 - although I am sure the original mortgage is less.

I really like the Nokomis area a lot - if you're looking at holding onto this one as a rental for a while, I'm sure you'll see some nice appreciation in the coming years too.Just curious, but did you do the full renovation after closing on it, or did it come pretty much turnkey for you? 

This is happening.Thin skin is akin to being emotional in real estate; they are tied together.

I’d love to hear what metrics or signs guide your decision—whether it’s ROI, cash flow, or cap rates.

In my small city (70,000 or so) we have a university with about 20,000 students with a nursing school, hospital, and obviously several mid size employers that I’m sure have people travel into this area for business purposes.  

Given this is my first investment, I want to try local before I go out of state.

This also leads owners to ASSUME simpler is better when it comes to management contracts.