If this is the case, hard money lenders are less concerned with factors like tradelines, credit scores, DTI, etc., and you should be able to find a home with someone in this niche.

As far as I am concerned whoever bought this house 10 months ago only put about $3,000.00 into it.

Since you are concerned about closing costs, you could consider not buying down the rate and thus reducing the costs to close.Another consideration is leveraging more and not putting as large of a downpayment. $212,000 loan @80%30 year fixed, fully amortizing using our Paper Saver process - like stated income but no charge for it6.375% would cost you 1.00% discount point - 6.532% APR$819.80 total lender feesIf you consider an 80/5/15 - where you put 15% down instead of 20%$212,000 loan @80%30 year fixed, fully amortizing6.375% would cost you 1.00% discount point - 6.532%APR$819.80 total lender fees2nd lien of $13,2508.375% would cost you 1.00% discount point ($132.50) 8.513%APRno extra lender fees on the second.So you save $13,250 and have an additional monthly payment on that second of $100.71 per month which means you break even in almost 11 years.

I have concern with a real estate agent who is showing you properties, especially unique properties, without you having been pre-approved through a lender already.

If you're REALLY concerned then you also might consider doing the maintenance yourself and charging for this service as part of the rent.

Didn't count on so many opinions....Well the dishwasher was kind of a concern...I dont care too much about later, because I'm selling it right away.

The traffic to and from it should not directly affect me except as to noise, and I don’t know that would be a big problem, though it does concern me.

They fear that we will fail in our investments and express concern over every detail of investing that we mention.We do our best to take into consideration any points that they mention, but we know that their reactions are all based in the fear of investing.

I'm seriously considering multi-family investments out of my home state and would very much like to hear your feedback based on your experiences.Perhaps you could share any methods or strategies you've found useful in lessening the hassle factor or for making the management and operations as smooth as can be expected.Thanks in advance and again, welcome!

As far as the DOSC yes that is a concern and yes the lender can call their note due, and they will.