Google something similar to "low cost commission free variable annuity". 

He does 65% leverage maybe 70% but doesn't matter how low purchase price is. 

Thank you I have presented a 40-60 offer to him now to see if we can get the house at the bottom dollar we would like I for but I am putting a lot of trust in him on the price and feel that we may be offering so low that I seller will not bite 

@Travis Smock A cost segregation study could benefit your 6-unit property by accelerating depreciation, even on a lower-value property like yours, especially with low land value.

We are a growing market with low unemployment but you will see a lot of the rental income going to covering expenses and setting aside reserves. 

Had an exceptional outcome.All in at $450,000 and the appraised value of the property is $875,000 on the low end.

Just the last 20 have been so abnormally low we have gotten used to that normal.Folks also forget what started us on the ultra low rate cycle for  the world economy to crash in 2008. 

But that is far from the point of this post.) first they’ll confirm your $1,000/mo “market rent” isn’t a) BS or b) still too low.

I agree 15 years is not a long time but what is occurring is jurisdictions then pass laws to protect the low cost housing.  

You need comparable sales BEFORE you spend $175 or the appraisal will come low to your expectations.