There's a narrow band in the middle with good rates that you typically see advertised, then a "high balance" range where they aren't so good, then a "jumbo" range where they get better again (sometimes we find ways to shove "high balance" loans into "jumbo" for that reason).

Wife finds a 1/2 carat diamond engagement band inbetween the wall and baseboard.

Pros: low maintenance, low price tag, positive cashflowCons: rents capped at 700/mn, not going to bring in rock star tenants, not the most desirable areaThanks for the help!

$400/month is a huge difference, just rip the band aid off already.

Hello Everyone,My name is Fernando Reyes.  I am fairly new to BP and this is my first time posting in any threads.  From other discussions I've read, it appears that everyone is really here to help each other out so I...

Very misleading info.if the numbers work, rock out the rent-ready!

(e.g. you could income strip from Sch C to Sch B and avoid SE taxes) Effectively you'd be loaning yourself money (i.e. from one pocket to the other).Bonus points for authoritative citation.

I've seen way to many multi family properties just get into that death spiral of a slum lord and horrible tenants and it's just one band aid after another until finally the owner extracts whatever they can and exits.I personally would want to be buying something at a little lower price, perhaps redeveloping, etc.Build value rather than extract value.If the assumptions above mentioned check out and you're happy with those returns I don't see a major hurdle ----  big however though is that you're only outperforming your cost of capital by maybe a percentage point?

I have a saying, "you have to flip a lot of rocks to find the deal." 

I would have the general area as C but specific areas range from D+ to B- and our particular units in that area are C to C+.