Interesting.Trying to determine a cause for this crisis by looking at policies put into place during the Clinton/AG years completely misses the point, the Banks lent money to those who couldn't possible afford it, sold unregulated securities to people who didn't understand them rated triple A by the corrupt rating agencies, the SEC lifted the limits on leverage the financial institutions could use on the balance sheets and slept through their roles a system guardians, ALL of this occurring in the last 8 years under Republican leadership and allowing the financial community to almost destroy our economy, whilebeing touted by the past administration as years of positive growth, unbelievable!

It will be accessible via several forms of public transportation, and it will be close enough to one or more of the major arteries in the city--hoping to avoid byways and highways that tend to jamb easily.

I thought we'd kick off our new Buying Real estate forum by seeing what factors are most important to all of you in the purchase of your primary residence.Here are mine:- Proximity to parks, shopping, services, and transportation (highways/trains)- General neighborhood look/feel- House amenities, layout, size- Safety of neighborhood- Quality of local schoolsWhat am I missing?

I had to stack the pallets and shrink wrap all of it, then had to transport the pallets to a Quonset hut steel bldg I erected in my back yard.

How about public transportation?

Non political, non denominational and people found their OWN transportation.

You could also contact a local mobile home park to see if they would be willing to let you move the mobile into the park - you would have to obligate yourself to paying the lot rent up until the time the mobile is rented and then add the lot rent to the total monthly rent payment.You would need to find a good and honest mobile home transporter if you're going to move the mobile.

How some brokers or HM lenders collateralize loans from individuals can be a house of cards, as most try to stay away from SEC and state banking regs, so they are practically unregulated.

Property Description:2 building 9 unit apartment complex located in a downtown area of a Midwest city with inter-state, water, and rail transportation systems in place.The building is about 40 years old, but has been maintained very well.Building is 11750 Square footThe lot size is 16350 square footNew roofUpdated interiorhard wood floors, crown molding, and French doors.Units: 5 3 br, 3 2 br, and 1 1 brGross annual rent $55620, 1 3 br is vacant, rent would be $750 per month.Asking price $400,000.00Seller agent claims NOI is $43200 per year, with taking in to account the one vacant unitSo, if NOI is correct, the cap rate would be10.8.Using the 50% rule the cap rate would be 6.95.Assuming the complex was full, the cap rate, 8.08.Not sure who pays the utilities, I am still waiting for the seller's agent to send me more info.Cash flow:Gross rent $55620.00 with current vacancy.Expenses 50% rule $27810.00Per unit $257.50 per monthNOI $27810.00Seller is willing to finance 80% at 7.5% over 30 years with a balloon payment in 5.P&I $26849.88Leaves $960.12Or $8.89 per unit per monthNow, I am just getting started, so I have exactly no cash to put in to a deal, unfortunately.Assuming similar terms for a loan for a 20% down payment, but with a 9% interest, that would be a payment of$643.70Per unit $71.52Net cash per unit of $-62.63At the asking price of $400K, I think this property is over priced.

Things like schools, public transportion, amenities, etc impact market rents, so trying to evaluate market rents on a town, city or state level probably won't generate any actionable information.