If there is you may have to extend the number of years.

This is what I received just this morning from the bank:"This is directly from the regulation “Credit extended to acquire a rental property is deemedto be for business purposes if it contains more than 2 housing units”."

We extended it until the end of May 2020.

If your contract naturally terminates on a certain date, I don't think they can make you pay management fees for leases extending beyond that date.i would file a complaint with the Texas commission.

@Mark Broadway Are you planning to leverage 100% for an extended period of time?

My question is, how do you know whether or not you're over-extending financially.

My first thought is you should have extended your due diligence period if you didn't have all the information you needed to make a decision by the end of your due diligence time period.

I ask my property managers to please ask the tenant to let the property manager know if they are going to be away for any extended period of time.

I'm considering a cash out refi to bring it to about 40% equity or 60% LTV and extend the mortgage to another 30 years at 4.75% fixed and take the cash to use for my first BRRR.

Hi @Amy Silverman - I'm in Castle Rock, but I was born in Bay City, and still have a large extended family there.