@Harpreet WaliaHere is a blog I wrote up with some basics on conventional financing.

Second you have basically sealed the paper onto the wall permanently.

(Of course you can adjust to your numbers but the formula is basically the same).

Basically, this is a blank check provision - not a good idea on a ten year loan with yield provisions as a pre-payment penalty.I have not checked the insurance requirements against our current insurance policies, but I'm afraid there will be more surprises. 

I would meet with individuals who I thought might be interested, showed them a basic presentation.

One of the units is a 3 bed but to be safe ill just keep it at the 2 bed price Here are the #'sPurchase price = $85,000   Down payment (25%) = $21,250  Rehab = $25,000  Closing = 3000  ARV= 115,000 - 125,000 out of pocket expenses = $49,250Total investment = $113,000Gross monthly income = $1,940Monthly expenses:  Utilities = 400   Vacancy (10%) = 194   Insurance = 100   Property tax = 167   Maintenance = 200  Maintenance reserves = 200  Management (myself) = 100   Principle & interest = 328Total monthly expenses = $1,689Monthly Cashflow = 1940 - 1689 = $251Annual gross income = $23,280   Annual expenses = $20,268   Annual cashflow = $3,012Cash on cash return = 3012 divided by 49250 = 0.061 = 6.1%ROI = 3012 divided by 113,000 = 0.027 = 2.7%Using the 50% rule this works 1940 / 2 = $970 - P&I $328 = $642Using the 2% rule this works 1940 / 85,000 = 2.3 % or would i use 1940 / 113,000 which almost meets the 2% rule at 1.7 %Thanks Guys!

He mentioned they have a flat rate prop mgmt fee and their rehabs are gutted down to the frame with all new systems installed and basic level trim.Neither podcast mentioned his last name or the prop mgmt company name.

Basics to logistics.http://www.cre.org/memberdata/pdfs/north_american_port_analysis.pdf

Basically that was the only lock for the apartment door and it broke due to old age and poor quality so it was no one's fault.

After registering, properties are inspected every 10-ish years confirm they meet basic maintenance and safety standards.