The HOA in which the unit I am purchasing provided their HO-6 policy to our lender and our lender is questioning the following as it appears on the policy:Special FormReplacement Cost (Actual Cash Value on Roofs)The verbiage in parentheses is the one causing the hold and need for clarification.

My broker bought 2units 2 years ago and has $400k in equity already (approx. 300-400k per unit then)

Would it make sense for you to live somewhere else and rent all 3 units to maximize the income on the property to eliminate your debt?

4 units all three beds$575,000All CashRents of $1,800What makes it good for us?

There is a triplex property (4/3 main house, 2 individual units  3/1 unit, and 2/1 unit towards the back of the property) and 3 units sitting on a spacious and buildable  0.71-acre lot.

You need to consider the safety and welfare of your other tenants (if this is a multi-family unit).  

Investment Info:Small multi-family (2-4 units) buy & hold investment in Minneapolis.

For instance, if the top market rent properties have a pool, it would be important to have a pool.For 1-4 units, you could still get qualified for 75% LTV with 1.1 or even 1.0 DSCR.

A year ago I wanted to start my rental portfolio so I got a mentor and got into action and have acquired 15 units in the last year!

Hi,I am currently exploring the potential purchase of a 12-unit apartment complex located in St.