Is this for a purchase or refinance?

Also realize that the taxes on the unit that you are basing your purchase on - are the current owner's taxes.  

Keeping the structure the same for the purchase and the refinance is not a problem from a lending perspective unless one of you will actually hurt the qualifications of the loan. 4.

You will likely want to use Hard Money for the purchase loan. 

The numbers I’m using are purchase at 175k, 20% down, 8%, for 30 years.

It's never a bad idea to use your earnings from crypto to purchase real estate with though.

Why do you think purchase contracts are so long and have such small print?

I'm still green around the ears but am preparing for my first rental property purchase this year.

I purchased 2 duplexes in Morningside, Wayne County, #Detroit, Michigan (zip code 48224) February 2024.I am also an #Out of state investor.Both are currently going through repairs and updates necessary for the city of Detroit to give me the Certificate of Compliance for rental units.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.