And that both properties are turn key with maybe some room to update over time.At first glance most would say go for the cash flow, but I was thinking about the benefits of the higher purchase price as well.

Renovate the units as the tenants move it, it means less capital all at once, and you get cash flow from the other units while the unit is question is being updated.

This feature comes with an interest rate premium in most cases; some will provide a forward commitment up to six months without charging a premium, but the usual cost is 3-5 basis points per month when the rate is held beyond a 90-day period.

@Michael Mullins  pls keep me updated, I am interested as wellBy the way, Wells Fargo does HELOC on a rental :) nice surprise from the big bank :)I am looking to refi as well, my previous experience - local banks offer better rates and I am checking with Quicken Loans as well.

The bank that I usually finance with dragged its feet on approval through the due diligence period.

Keep me updated on how you make offers and what the responses are like.

ITs not like I wouldnt be able to do the due diligence period myself either.

If the deal is not right for you then it is not right for you period.

I wouldn't have agreed to this provision had I known that I wouldn't live there.According to the contract, the 1 year period starts from the date of closing.

If we're talking about a land allocation or a donated amount then it's important to clarify which one and make it very very clear it is an update to the information.