Hi,I am not a real estate investor and the extent of my real estate experience is owning my own primary residence for which I have a mortgage.  

-Nevada SFH: Mortgage (no HOA or PM company) = $3300.

To be fair it had been improperly managed for about 10 years prior to me buying it and so the existing tenants were not getting any maintenance work done and were therefore paying 1/2 the going rate for rents.

Hi Everyone, I hope this is the correct form to post this on. I have maybe an interesting situation/thought. I currently have 3 four-unit buildings under one loan. That is the way I bought them because they were all f...

. - Mortgage terms, rates and competitionTypically vacation rental properties are investment properties.

Originally posted by @JingJing He:My general rue for the Bay Area is if the rent can support the payment and fixes, then I am going all in in the Bay Area.Do those exist?

There is no mortgage on it.

Fannie Mae does have a loophole (taken directly from the Fannie Mae Selling Guide:"In order for non-mortgage and mortgage debt to be excluded from the debt-to-income (DTI) ratio, the other party has to pay the complete monthly obligation every month for a minimum of 12 months (and the other party cannot be an interested party for non-mortgage debt).

I refinish the existing wood whenever possible.

Unless your properties are free and clear or mortgaged so low that the rents will recoup your building costs in 12-24 months by adding more sqft...