Pre-construction properties can be appealing for appreciation, especially in high-demand areas, but they’re usually not strong for immediate cash flow since there are often HOA fees, carrying costs, and delays before you can rent.

My preference is to not have any finder's fees paid at closing.

When I had similar questions, I found a reputable creditor's rights attorney in the area I operate in and paid for an hour of their time to get the baseline info I needed.

Any other closing costs would be third party related like title/escrow fees (any co. you like) and prepaids for property taxes & insurance.

Include a buyout clause allowing you to transition to sole ownership after two years, based on a pre-determined valuation formula or market value.Use an LLC to hold the property for liability protection and pass-through taxation, ensuring both partners benefit from depreciation to offset rental income.

Pre-Covid, the spread between the 30-year fixed rate mortgage and the 10-year has been in a tight band of 1.5% to 2%.

We’ve already paid him $12,000, and this has turned into a total nightmare.

I paid another 60k for the furtinture.

Granted, this is just an app to get pre approved, but I'm concerned that without all the correct DSCR needed information, the process will get stalled. 

My client was pre-approved for like 6.5%, then we went to go look at those and I was shocked!