Lastly, Building a referral network can help grow your client base by encouraging satisfied clients to refer you to other investors or property owners.I hope this helps!

The only issue is that they said that in order to be approved for an "accessory apartment" rental permit, that the property would need to be owner-occupied, and that the town would check to make sure that is the case.Since my plan is to build a decent multifamily real estate portfolio over the next few years, and this home is not one that I plan on staying or building a family in, I can't see how I can satisfy the town's requirement of being owner-occupied for all of the time that I plan on renting out these units.Again, I'm trying to do everything by the book here, and it seems like the town is forcing my hand to have an "illegal apartment" anyway.

Hi @Lisa Renee and @Eric MorenoA spouse, if there is one, can satisfy the owner occupancy requirement of VA loans on your behalf.

. - If the amount of equity required to do any phase cannot be met by using the total value of the land, an additional equity investor(s) will need to be brought into the deal to satisfy the developer's and lender's requirements.

As a passive investor I'm not satisfied for the reasons above.

(unless you could refi exactly the same day that HML expired ).8) - One cannot be certain that long term financing will be available for long term hold investors even once seasoning has been satisfied.9) - Less experienced rehabbers may not have enough experience to flip a house in time or within budget to not default on the loan.10) - HMLs will require a licensed contractor to do the work so DIYers can't save by doing the work themselves.So this is my general understanding of Hard Money and how it can work for and against an investor.

REPAIR AND MAINTENANCE: You acknowledge that you have inspected the apartment and are fully satisfied and accept it in its “as is” condition, except as otherwise agreed by you and us in writing.

It's durable for sure but it's not "ceramic tile" durable.

I'd have the title company attorney draw that up so it satisfies their underwriting requirements. 

LVP is nicer than carpet and it's durable.