Another investor I know got 5.5% agency debt recently. 10% sounds like private/hard money.

This 50k doesn’t include the interest on the principle over the 9 year period.

. $100k down payment.Repair costs: Est: $88,000 Budget: $106,000Roof/gutter repair, landscaping, parking lot repair, electrical repair, Interior work including bathrooms, drywall, mold remediation.After repair value: $900,000The plan is to do a 50% cash-out refinance.

Plenty of pro's including easy qualification, low documents required for underwriting/processing, and just overall convenience + turnaround time, among other nuances that make it a great loan product.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

If someone doesn't have enough cash reserves, they shouldn't buy RE but focus on saving up money, increasing current income and paying down existing debt. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Call previous landlords... including two back (the current landlord may be incentivized to lie to get rid of a bad tenant).

Here is some background on the property: Description: 2,100sf(this includes finished basement), 1/4 acre lot, 4 bedroom, 2 bath, garage Info: I bought the house in 2020, the week that the world shut down due to covid and have a rate of 2.99%.

@Alex NassarChoosing between single-family and multi-family properties as an investment strategy depends on various factors, including your financial goals, risk tolerance, management preference, and the real estate market dynamics in your target location.