Even if you engage a broker, you should still shop around an additional couple lenders yourself (if you have the time/energy).Freddie SBL loans cap at 50 units, so you won't be able to take advantage of that program (unless they can somehow make an exception), but there are still great Agency (Fannie/Freddie) programs that would work. 

My goal is to replace my income from real estate agency work with investment income in order to insulate myself from the cycles in the real estate sales business.I am very excited to be here and want to learn about markets on the mainland.

I would look for a monthly payment, NOT a lump sum and no easement, just a lease.I would also make sure, depending on location, that you have the right to restrict the content if you are leasing to a smaller company or an ad agency.

At the top (where we are today) I'd rather acquire a B+/A- asset with an 7-8% yield and a long (15 (agency) to 35 (HUD) year) fixed rate debt instrument.

Dear BP community,There are some agencies which help the section 8 tenants to pay their security deposits ( at lease here in Philadelphia, PA).Who supports those agencies?

I currently am taking a dual NJ and PA real estate license class that I will be finishing at the end of July. 

Would I have any leverage to bring out that the agency should only get 7.5% since I am representing myself as if I am paying myself the agency fee and the split the 15% with him.

What app, agency, website etc.?.?

We anticipate about $150k in repairs when All said and done.Immediate repairs/interior rehab approximate about a 3rd of that total.Roof replacement accounts for the rest.First thing that jumps out from the spreadsheet is no PM cost.We are buying out of state,so will slap on the 8% PM fees.Because we already own a similar building in town,we know the water and sewer bill is at least 2x what it should be.So updating plumbing fixtures to reduce water utility portion is a major value play.Rents are also at least $100 under market.Financing is agency debt.6.5% interest3 year term,30 year amortization.There’s a lot of moving parts in a value play.That’s why I wanted your comments and questions first and i can respond as we go.

If You have any question about the fair housing laws and housing discrimination in general, please call your local fair housing agency or the U.S.