Frankly, I only paid the premium w/o making claim in past 10 plus year on this house.  

@Susan O. 

We bought a house on Tremont st last week for 17k it has a c of o, and after we clean it up and put maybe 2-3k, we will get 900-1000.

@Ed O thanks for clearing that up.

If you feel the property value is going to continue o rise and the house is not going to cost a lot to maintain over the next 10 years it may be best to keep it.

Mortgage with PITI is a total of 1520 and I could rent it out for 1750 in my area with looking at similar homes on Zillow, Craigslist, Rent-o-meter, Etc.

So here are a couple of presentations and what I think is the most recent ordinance language:https://onbase.sandiego.gov/OnBaseAgendaOnline/Documents/ViewDocument/O-2020-114_Strikeout.PDF.pdf?

The difference in terms between a 680 and a 740 is fairly substantial (a higher differential in pricing than if the loan was conventional/FHA/VA/USDA type)- There's customizable options for everything, including rate locks, prepays, front-end/back-end broker compensation, I/O options (and a range of I/O options) etc- Generally speaking, we're looking at seeing immediate access to 6 month liquid reserves (not necessarily escrowed) so that the buyer can cover the property's debt after closing were it not to be leased A real life example: a client of mine thought the DSCR for his property is 1.2 for a cash-out refinance based onDSCR = $1000 (current leased value)/$750 (PITI) = 1.2 ------- (1) Upon closer inspection, found out that the property is in a flood zone which adds $100/month to the expenses.

Would love to send you my presentation on the VA L-o-a-n (BP blocks certain words)… I also run an IG page focused on real estate / finances tailored toward providing education to veterans if you are interested in following!  

O.