You'll pay a .25 point hit on the rate because they are collatorilized against investment properties, but then you'll potentially reduce the impact on your family if things go bad.Hope that helps!

I’m looking to cash out on my businesses in the near future and move back to Phoenix and start investing in real estates.Phoenix is where I would like to settle in because I have a lot of family there.Currently have a property in Long Beach that I owned with another partner, it is generating a good positive cash flow and has appreciated a bit since we purchased it.

Your tenants will likely have children and when they leave all hardwood floors may/will likely need to be refinished.At $2200/month on a 350K property you will not likely have much if any positive cash flow so it would be wise to keep your expenses as low as possible.

When running various rent price (income) scenarios to see the impact on your monthly cash flow, you are "penalized", in a sense, for increasing the rent price.

Hi LaVonna,I'm kind of in the same position.

Congrats...Sound like you’re in a great position to achieve your goals...if you do decide to move a bit further south feel free to hit me up!

But you should know this going in..that area is slightly too far from the new developments to be positively affected by it in the near term.

Account Closed Each investor's perception of a deal is different based on their current position and future goals.

.- Any expense on line 18 "depreciation" can be "added back" to income no questions asked (your new roof being depreciated over X years being a good example), meaning that it will have zero impact on your DTI.- Any expense on line 14 "repairs" can only be added back with a bunch of supporting documentation matching exactly & based on a human underwriter's judgement call on the "one time" nature of it (and how that underwriter's mood is on that given day) on a one-off basis.

@Kyle MitchellGot it, I think if you're relatively hands-on (20+ hours per week), you'd be in a good position to something on the smaller end of commercial.