Being a local company, providing quality housing and great service is very important to us. 

Marketing, overhead, operations, what have you, this could be baked into your rate, furthermore, your lender is most likely not even providing the capital to fund the loan nor will they service it unless they are a credit union or the type of lender that does service it.

However, it does not include interest from an investment if it provides nontaxable income.

I would suggest following up with the PM and ask if they have proactively provided change of management details (essentially, letting the tenants know that new owner effective 03/29/2024 and were rents should be sent).

This introduction sets the stage, explaining the magnitude of the situation and its potential impacts on the market.

Any feedback would be great:Purchase Price: $219,000, 90 days on the marketSurface area: 1900 sq ft1 unit renovated in the past year which includes new flooring: $800, other 2 units: $690 eachEach unit pays water/sewage, $50 internet feeCondition: roof is ~15 years old, will need replacedI was provided with an expense report for the 3rd quarter of 2023.

The shorter the prepayment term has an impact on increasing the rate.4.

Also, does anyone have a breakdown of disclosures they provide to the seller when purchasing a property this way? 

They should be able to offer this service for free to their hosts and provide a value add for their fees.  

We’ve researched using a HML, but aren’t sure which would be smarter and have less impact on us financially as a newly-married couple, since personally, I wouldn’t be taking any risk or contributing to the purchase.