Posted by Craig (IL) on April 16, 2006 at 13:30:52:
I don’t know your rental environment, but in mine, I’d problably pass on the deal unless I got a better price. Any ARM that got me that much better terms is going to adjust quickly, meaning that it’s benefits will soon be lost.
Secondly, I’m not sure of that appreciation rate. Four-units do not appreciate the same SFHs (which is I assume where you got that appreciation figure). And four-units can be difficult to sell.