Typically 5+ units have at least a 1% higher interest rate than 1-4 units, if not more depending on the property and you as a borrower.  

Here is an example assuming $500K sales price, $100K down, $400K loan and appraised value of $450K.Down payment = Appraised Value * 20% ($450K * 20%) + Difference between Sale Price and Appraisal ($500K - $450K) or $140KIn this example, loan amount is reduced to $360K and down payment increases from $100K to $140K.

Using Philadelphia as an example, in other areas, especially the more suburban neighborhoods, you could run into ERSA, steep slope, and more common to encounter interpretation issues on the part of the plans examiner.

In the subject to contract, there would be a small down payment provided and then a typical amortization schedule afterward.

Some of the benefits of investing in real estate are given below:Investing in a tangible asset that has historically appreciated over timeSpread risk by diversifying your portfolioIt can be a source of passive income, with minimal effort through short and long-term rentalsReal estate investment properties have typically been resilient against inflationDepending on investment type, tax benefits can be availedThanks to these (and more) benefits, you’d think investing in real estate was a no-brainer, and in most instances, you’d be right!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

For example, a home increases to $400k but rent is only $2k.

If the proceeds are insufficient to pay all the sale costs, realty transfer taxes, and priority liens, then the buyer shall pay the balance of such amounts to the Sheriff's Office within 30 days after the sale date."1) If the upset price is 100k and I pay 101k for example, should I plan on paying the 2% transfer tax and county fees?

Modular homes can indeed come with garages, either pre-designed or as an add-on, depending on the company you choose and your specific design plan.Companies and QualityThere are numerous reputable companies that produce modular and manufactured homes  Examples, 1) Blu Homes, 2) Clever Homes, 3) US Modular Inc..

Thank you.My favorite areas for NE is Rocky River, Lakewood, Shaker Heights, Wadsworth, Fairlawn, and certain areas of ClevelandColumbus I typically stick to Grove City, Hilliard, Reynoldsburg, and a few areas north of Polaris in Deleware county.Happy hunting