Multi-family homes in this area are sort of rare to find.

@Brandon Turner claims to have coined the term "House-Hacking" through his article in 2013 here: at https://www.biggerpockets.com/renewsblog/2013/11/0... and he may be offended by that suggestion :)Every time there a new opportunity, that vacuum gets quickly filled with scam artists and people of the sort.

@Chris Rendall, as well as the seasoning period, keep in mind that the Refinancing Lender will only lend up to a certain percentage (typically 70%) of their appraisal.In your example, even if it appraises at $120k, that would only allow an $84k Refi!

As mentioned by Matt this is typical practice.

If you can find the one, they could also help you with things like: "that neighborhood doesn't attract the right sort of tenants"; "sorry, I won't manage properties in that area"; "I reckon you could get a better rent return if you choose this other neighborhood" - and such like.

I typically do year long leases so that I can end the lease in a month that I know I can get the highest rental amount possible.

Get some  results but the result are fairly old, so I choose "Latest" from the sort by menu. 

So, I've been poking around for a bit and trying to sort a few things out.   

Is it much different than a typical residential closing?

Hello all,I'd like to get the opinions of our investors on how you typically divide ownership/profits/etc. and the accompanying responsibilities each partner is responsible for.