If you refi into another FHA loan, you will still have monthly MI.Another point - FHA loans cannot be used for investment properties - they're for primary residences only.

Help me see if this is "worth it" or not.  Is the ATR still a relevant indicator of a deal?Amateur investor/full time agent here.  I've found an off-market property that would require $175k purchase, $35k down, $20k i...

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.

Investment Info:Single-family residence buy & hold investment.

Find a good Realtor on here and have them you sort out the best deals in your area. 

This will all depend on how good of negotiator you are. 

I don’t know how easy it would be for you to contact every resident and ask that nobody use any water at a certain time for 10 minutes.

If you determine that the numbers look good, make sure to check other sites to see if the comparable property is on multiple sites that may add to the numbers.  

Investment Info:Single-family residence buy & hold investment.