I'm an amateur RE investor out of northern Ohio. I recently bought a property that consist of 2 single family houses on 1 parcel of land. My original insurer if threatening to drop me and most of the insurance compani...

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space.6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

I strive for highest leverage as possible.High leverage typically produces highest return.  

If I can redeploy that capital into another deal that produces more income or de-risks the portfolio, refi starts to make sense.The debt improves or stays neutralLower rate, longer term, or fixed debt that stabilizes the asset.

Hi Melanie, Owner of Maven Cost Seg here.This is directionally correct, but the part that is usually overlooked is practical eligibility, not technical eligibility.Yes, any income-producing property placed in service after 1986 can qualify.

Great question Domynique What’s working for us right now:Channels producing contracts:On-market deals have been the most consistent, driven by strong agent relationships and fast, clean underwriting.

Flying in personally adds risk and doesn’t improve your legal position.2) Security deposit and the 45-day ruleYour former PM is largely correct on timing, but not necessarily on control.In Maryland:The security deposit must be accounted for and either returned or itemized within 45 days of move-out.You are allowed to deduct for unpaid rent, damage beyond normal wear and tear, and missing fixtures or appliances.You are required to provide an itemized statement with receipts or estimates.Red flags in your situation:The PM cannot produce a copy of the lease.

It's strange that you've had little interest in the portfolio of properties...unless they're not producing income or improperly priced based on location, condition, etc.

Consistency keeps you out of trouble. 

I’ve qualified for a DCSR loan but having trouble finding the down payment.