A mold specialist will cost you and arm and a leg and likely recommend unnecessary repairs.

@Daniel BryanI agree with JacobBetter returns elsewhere and downside is if your borrower defaults depending on the state it could take years to foreclose and run all that legal and holding costs which wipe out any gains.

I can understand the desire for new but isn't there a large land cost relative to the value of the overall home?

Anyway, I like (as an owner) getting access to the monthly packet, digitized receipts, etc. 

If you're ever up for it I host the  house hacking happy hour meetup once a month. 

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

I give that site 6 months...It's worthless.

@Ryan Lee   The 60 day seasoning period is really more of the max bank statements that would be required for underwriting would be 2 months of 60 days.

There were 3130 homes for sale in the month of june compared to 2818 homes for sale in May of 2024.

Additionally, this same lender can run the numbers for you on taking out a HELOC on your primary to see if all costs are covered from your investment property.