Quote from @Shivani Kumar: Quote from @Patrick Roberts: For Conventional, there are two basic ways that income is evaluated - properties being placed into service (such as a new property being purchased), and properties already in service.

Hello Jack, in Texas I find a lot of investors using the Subject 2 method, especially with FHA properties where they are at or under water on their mortgage, but most of the mortgage rates are under 4%.

I’m currently under contract on a mixed-use property that is zoned for CB (Commercial Business).

I'm closing on a property 100% remotely. 

I am the executor of the estate and my brothers agreed to let me buy them out on the house so i can use it as a rental property to supplement my retirement.

Is this common in the Chicago market or markets with high property tax? 

You need a property that isn't easily duplicated. 

Reduced Seller Commission Burden: Investors who sell properties might benefit from a shift where sellers are no longer expected to pay for the buyer’s agent, potentially reducing transaction costs.

My tip is to focus on what adds the most value to the property and the market you’re targeting.No matter how thorough your initial budget, unexpected expenses are almost inevitable.

I have the opportunity to get a property under contract for $5,000 or less.