I am thinking of penalties in two ways but feel there could be many more:Late payment penalties during the term of the loan, perhaps 10% or flat $ amount based on loan.Penalties when the loan is extended beyond term.

Hello All, My name is Randall Owens and I am looking for serious help in regards to a  2 flat building with a unfinished basement that I plan on converting to a 3rd unit in Chicago.

I am rehabbing a 2-flat on the south side near 'the bush' and plan to be completed within the next 90 days.

@Joshua Hively No I have been flat out since December.

In that case you would pay the water bill and then bill your tenant each month or include a flat cost each month to cover the bill.  4.

Many times lenders have special programs for owner occupied buildings (some lenders have thresholds that if the property generates 51% of its income from the owner --- others that the owner has 51% of the square footage) - again, depends on the bank, but generally speaking owner occupied refi's tend to get better rates/terms than a flat out commercial rental. 

Hello BiggerPockets family,We are flipping this house and we have a flat roof and there is a leak.Does anyone can recommend anyone.

That's the best way to make less money and it's not even safe in many of the Midwest towns because they are not recession-proof, depending on what you want to do.If I am going OOS to invest, I am going to try to avoid excessive weather either way.

My leases permit me (via my PM) to recover those charges from tenant deposits and to have a claim for any excess (good luck with any excess).We've only invoked those clauses sparingly but where there was clear justification, I've haven't hesitated to do so.

Unclear on why someone would flat out refuse to show you options (including the ridiculous one), it's not like we get compensated based on your points or interest rate these days.