Of course, it requires financial resources, but it is an investment that will pay off in the long run.

This is due to the fact that many lenders provide various loan programs with various periods, interest rates, and minimum down payment requirements.

Broker Requirement: It seems like becoming a broker may be necessary to obtain a property management license.

Would they have to go with a non warrantable product or is there some sort of rule that allows it be a new condo building and waive some of the underwriting requirements?

Anything smaller than that would require a more hands-on approach.To succeed in this field, it is crucial to adopt a data-driven approach, maintain perseverance, and establish strong relationships with developers.

They also require annual licensing so be sure to include that in your operating costs. 

If you are looking to do this owner-occupied, conventional may work, but if you have issues qualifying, you can run the numbers as a non-owner-occupied property and pursue a DSCR loan.I am able to qualify for a conventional loan with a 5% down and an interest rate of around 7.5%.I would like to know how down payment requirements and interest rates for DSCR loans compare to conventional loans.

I'm all for stricter requirements to become an agent.

While it's unlikely that all burners will be used simultaneously, I want to ensure proper ventilation in case tenants decide to cook large meals regularly.The standard rule suggests dividing the BTU by 100 to determine the required CFM for the vent hood.

Assuming that a loan required 10% down, how do people come up with the 10% when going from seller financing to traditional financing?