Everything costs more than you think it will, takes longer than you think it will, and exit strategies of selling or refinancing are a bit more complex and difficult than strangers on the internet make it seem.

What has everyone else been quoted orWhat is everyone else seeing/hearing with interest rates for owner occupied fannie mae 5% down for a 2 to 4 unit property or with other low down payment owner occupant loans such as FHA or VA ?

Be sure to no only account for the cost of the cash for keys but your additional holding costs while you have to wait to get them out.

Hello BP 😎 ai am new here but i listen to real estate rookie for awhile. i bought single family house in 2019 and now  i want to buy a four family house i have home equity should i use it at a down payment or not around here in boston the 4 family house is between 900,000-1.2M so i need to do house hack put down payments as low as 3.5% and rent my single family and show the Leander as an income to and i only have 30k saved up and the leander want to see 3 month reserve should i take HELOC and show them that i have reserve or is there any other  options?

I also suggest that the tenant install a camera that stores videos of the driveway, then when tenant has proof, you can send notice to owner next door that he is to eliminate hazards he is creating, or you will sue for damages, especially if it costs you tenants, as they can’t afford and shouldn’t have to deal with repeated damage.

Was the owner doing his own repairs and hiding the costs?  

I will say REPS is one of the areas of the tax code where it is very costly to get wrong.

The buyer must come up with the difference between the seller(s) current mortgage balance and agreed upon sales price, plus closings costs. 

In Milwaukee, I'd need 2 exits from the attic and 50% of the space has to have at least a 7 foot height on ceilings.Two things you want to check: both requirements are correct, but on top of that the city is getting reluctant permitting 3rd units: 50% more occupants mean 50% more water and sewer and 50% more traffic and parking.The other issue is that the cost of finishing a thrid floor with proper insulation/ventilation will run about $50-60/sf and only makes sense if you can get strong rents. 

I’m currently in a duplex that I house hack and the tenant’s rent covers my property taxes, my water and sewer bills, and almost all maintenance costs.