If it's a refinance you might have buy down options available to get the rate a little lower.

I am very new to REI and would like to know if this is a great opportunity to buy in an up and coming area or if the residential properties will negatively impact my ability to rent out my other unit.

We are trying to motivate our Generation Z children learn real estate investing earlier than we did, and help them buy their first home / investment property.

Fingers crossed.Speaking of... does anyone want to buy a BP Con ticket and two universal them park passes from me? 

Essentially, the buyer wants to pay my equity out of the property at lease signing then have a option to buy the property after 3 years.

(The first $500k is currently tax free but becomes taxable 1095 days after you moved out.)It’s unlikely this price range will make a good rental, nor is it a property you would buy as a rental if you don’t already own it.

What are some deals everyone else is buying?

Where prices are low, more people can buy, so there is little demand for rentals, so there is limited or no rent growth.

If you sell for $525k and it costs you $35k in “selling costs” (commissions, title insurance, concessions, etc.) then you need to buy $490k.

Investment Info:Single-family residence buy & hold investment.