Every market and submarket is different and you just have to do some research.The best advice I can give is to have house rules.

Hi Bailey,I work for a real estate company in the investment department and I was just having a conversation with my supervisor on this very thing this morning.

The difference especially if its mostly cosmetic, could be $100/sq ft or more.

I am looking at 2- and 3-family properties in towns closeby, where the taxes and rents are different, and do not want to ask the lender to run the numbers for every option.If anyone can help me figure this out, I would greatly appreciate it.

As you continue, you need to find a title company that's going to work with you, have some templates of the documents you will need, and ideally some relationships with cash buyers.

(options include change PM company, change or add assistant asset manager, etc...)3.

Backup plan is to maybe call a couple of the cost seg companies here and ask one of their analyst.

@Ivan A.Hey can you recommend the dcsr company you used thanks

There may be a management company but no HOA.

Fortunately with the rent/mortgage ratio we would be fine either way due to the low rate, but certainly something to keep in mind if different lenders have different standards.