Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

I'm focusing on multiple family buildings and I own two duplexes and a sexta-plex in Mt.

I have been managing family property with my husband the last 3 years.  

I want to protect myself and my family from an increased mortgage through refinancing later.

Tenant shall be obligated for the costs of such repairs, replacements, and related services if the need for such repairs, replacements, and related services results from the negligence or misuse by Tenant, other residents of the Property, or Tenant’s Landlords, servants, employees, invitees, or family members.

For example, a 1/1 occupied by a travel nurse who is gone 12+ hours/day will have much lower utility expenses than a 3/2 occupied by a family with one WFH spouse who is there all day.

The next bit that non Property managers don’t realize is that due to Fair house in laws, we have to treat every application the same weather it is a single family home, or condo, Townhome or apartment.  

I don't wholesale land; I wholesale single and multi-families.

@Colby ValladaresI’m in Spokane, currently own 13 doors and help run our family property management business of just over 400 doors or so.

I am considering investing in or near Orlando, Florida, in a Single Family Property, below the median in a high demand area where there are lots of people moving to.