I like that conventional loans let you factor in the estimated rent into your approval decision but starting out I can't afford 15% down payments.

The entire structure has been revamped with no permits, no requests and no approvals which the CEO (Code Enforcement Officer) didn't appear they would give them."

And then a new one was just approved via a bill a few months ago that, though not funded yet, will have a $1m a year budget (to start with) to help tenants with a lot of stuff (look up KC Tenant Bill of Rights).As for the registrations, THERE IS ENFORCEMENT but Kansas City, Missouri is a 318sq mile city with less than 20 inspectors doing all that enforcement.

Hello,If the mortgage refinance loan is approved and is with the underwriter, can you still go back to renegotiate the rates if the rates have gone down, especially if there was no rate lock placed when the process started about 9-10 days ago?

In general, I'm curious if this is a good investment opportunity long-term and what other information I should know to help make the decision.Here are some of the numbers:Property Value: Estimating ~$800,000, but it hasn't been officially appraised since it was purchased 10 years at $500,000.Taxes: $4,000Insurance: $2,100Year Built: 19125 Total Units: 2Br/1Ba, 2Br/1Ba, 2Br/1Ba, 1Br/1Ba, StudioUtilities: Owner pays only water and trash.Mortgage: Despite being zoned as a 5-plex, the property has been approved for residential mortgage previously (one unit classified as storage during appraisal).Previous Gross Rents: $45,480 (previous owner was very generous with rent to family/friends)Estimated Gross Rents: $69,600 (based on market value)Previous Annual Expenses: $12,500 = 27% of gross rent. 

They can not only cost you an arm and a leg if you follow their standard pay off schedules, but they can seriously undermine your loan approval chances with a lender.If your debt is tied to a fixed mortgage, I wouldn't worry about it as much as long as your overall DTI is low & payments are easily made.

First progress payment of $15,100 plus any permit reimbursements will be collected after the addition’s footings are inspected and approved by the City of Los Angeles Inspector.   3.

Their lender approved them to purchase here in the city.

Due to changing zoning rules with the city of Denver there was significant delay but they eventually approved the project and the project is underway.

Despite the fact that San Jose it super friendly to ADUs, it took over 7 months of back and forth before the city finally approved my ADU permit.