Would you jump on this, or is the premium too steep?

., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

I currently pay a premium price for my turnovers for a local cleaning company that specializes in STRs.

And are there any specific permitting issues popping up post-storm?

.: Hello,Did anyone received post closing audit from mortgage company.

yes whatever I buy I will be living there as well, guess I should have noted that in my original post.

Yes, the lender was Premium Mortgage.

Turns out, the right marketing found renters who appreciated the quality and were willing to pay a premium.

A month post closing, the son of the buyer (mother) has written a "legal" request to have us buy him a new refrigerator.  

I would also join every FB group for investors, from local to California, and post the package there as well.