I am trying to look into options for my cousin to refinance.He's got a loan with his parents and he wants to remove them completely.I was wondering if there are banks out there that would allow him to use lease agreem...

Your rate is probably low, unless you plan to owner occupy.

There are many duplexes for sale that are currently occupied in South ATL around 900 sq ft. per unit. 

Conventional non-owner occupied. 25% down How did you add value to the deal?

I have several real estate goals for 2020 but first I want to tell you a little about my experience so far.I bought my first duplex in 2018 which is an owner occupied with an FHA loan because I was fresh out of college with little cash.

If so maybe wait one year, because that is the requirement for owner occupied loans, and then go buy your self another house to house hack again with a low down payment owner occupied loan.

It is extremely dangerous to run in an occupied space.

There is a reason why the value of the owner occupied house is not included in the asset list but the money owed is included in the liability list when calculating the net worth.Assuming no compromise in the 3 Ls, the only thing that could have been done differently would be to go for as little a downpayment as possible: 3-5% is being offered by big banks.

The details:List: $150,000Down Payment: $30,000/ 20%Closing Costs: $4,500/3% Initial Investment: $34,500No of Units: 2 (Both Currently Occupied)Annual Rent: $20,100ExpensesProperty Taxes: $447.58 mo/ $5,371 yearHomeowners Ins: $59 mo/ $708 yearCapEx: $168/10%Vacancy: $168/10%Total: $842.58Net: $1,675 mo Total Cost (Mortgage plus Op Ex) $1,477.58Cash Flow: $197.42mo/ $2,369.04 YearCoCRoi: $2,369.04/$34,000= 7% That’s what I have for evaluating a property with what I know.

She doesn’t believe that we intend to owner occupy and isn’t willing to take the risk.