Please help me analyze my first potential multi

[Mayer M.]

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Hey All!!!

I am hoping to pickup my first multi family property and need some of your help on the analysis. Basically, my plan is to pay cash and do a cash out refi after three months of ownership for 100% of the money i put into the property resulting in 100% financing and only a few dollars out of pocket.

I have never done a 30 year mortgage before, all current mortgages are 10-20 year. The rents in this report are about $100-150 below market value per unit. The property is in a C+/B- area and i would be getting this with a partner

Any advice would be extremely helpful and greatly appreciated. 

Thanks!