What level of asset class are you buying? 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Since you'll be buying at least a Class B property, try to put at least 10% down and hope in 2-4 years it'll have increased enough in value to get rid of the PMI.

Help Daniel, those areas might cashflow but appreciation will not happen you will need to look at more expensive areas and higher class areas .

Zero cashflow, sure there is "appreciation" But I have never met anyone who can make that argument seriously when comparing it to other asset classes.

I’ll finish up my license asap that’s been on my list as well I started taking marketing and business classes at my local college. 

Not a smooth ride, not a steady ride, but when you get it to work you have the type of environment investors dream about. 

Does the loan work in the high-interest environment?

Chris,For the large multi family investments, I want to see the deal pack first so I can screen for location, project class, projected cash on cash and IRR, and proposed value add method. 

Avoid investing in cities with high operating costs.Pro-business environment: Companies prefer locations where they can operate smoothly without excessive government interference.