I can see through DOM the contrast between those struggles and the lease ups of the better located single families in the area.I cant say with certainty this applies across the entire city but what’s known is the fact people are getting married and starting families later in life than in the past, young people have more debt than ever before thanks to student loans, the cost of buying ahome has never been higher & most  families decide to move to the suburbs when they have school aged children.

Column G - expected cash flow for total number of units at $100 per unit per monthColumn H - down payment need to acquire the new units at 30% downColumn I - adjusts how much down you would need assuming you saved the cash flow from the previous year and applied it to the current year's acquisitions. 

They can do some repair to an old roof, then apply a plant based spray to the entire roof to replace the oils in the shingles that the sun has baked out over time.

Classic american folks that think life does not apply to them.We're more than willing to help, **** I got no service to sell and nothing to offer.

If your local law allows it, see what everyone else is doing and go by the norm. 3 months rent is a substantial amount for some, but really helps ensure the financial quality of a tenant.Sometimes I have immigrants who apply who work their tails off and can't afford the 3 months up front.

The renovation budget can be artificially inflated so you can have a "cash pillow" for maintenance or anything else really.The conventional loan for purchase and rehab is the most commonly used by investorsIf you have a company it is also possible to apply for loans but it is necessary to have at least 6 months of activity.

It's not unusual for one good person to apply, and they move in their half brother that just got out of prison or something.There's a lot more to look at than just income. 

Unless your first rental is 10+ units that law does not currently apply to you!

@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

It's good that Miguelli is working with a competent local agent who knows what they're doing, knows the local rules that apply to his situation as well as what is customary for the market, and has done this before.