If you're buying a $550,000 home, at today's rates, your monthly payment is like $3500 or so.

Do you charge and how much.Acceptable Vacancy Rate - we own a reasonable # of doors in the city of Milwaukee - not great areas but not horrible either.Thanks in advance

That way you can tap your equity without losing your current mortgage rates.

You got your house pre-pandemic at a steal and refinanced at those incredibly low rates, allowing you to undercut the competition significantly.

You can do that with as little as 3.50% down on an fha renovation loan where all the reno dollars are given in the same 30 year fixed rate loan.

With interest rates and just the way RE is in most markets, you might leave some money in the deal with the BRRRR.

The CAP rates aren't great, the vacancy rates are high, majority of multi-family locations are in areas with unreliable tenants.Overall, it just seems like it's difficult to achieve reliable passive income here. 

Hi Alex,As for conventional cash out refinance, assuming you will use full documented programs, your rates and terms will be largely dependent on your credit, income, DTI and equity.

He said it is "nearly impossible" to get a good interest rate by purchasing through an LLC and that it will take an "arm and a leg" to get the deal closed.

IMO this makes Texas the preferred choice for series LLC, although the (over rated) non publishing of organizational information in Wyoming and Nevada will have others disagree.