My plans are to use his money in combination with HML to do another deal a two a quarter at a 12% interest rate.

Looking at a house 3/2 1464sqftpurchase @ 180,00020% down probably at 4.5%-4.7%possible rent ^$1000hoa $371 quarterly which includes full maintenance of front yardThere is no way even the 1% rule will apply to this, but interested on what people think on this deal?

I'm working on my fourth deal right now.

Going North there is the Boston AREIA (now in Medford) the Black Diamond REI event in Waltham run by BP regular @Ann Bellamy and going a bit farther @Justin Silverio has been doing a quarterly (The others are monthly) unofficial BP Meetup in Woburn that a lot of locals here have been going to.

Might get by cheaper on labor, a couple good days rough in, finish on third day, paint the fourth day is my guess.

Hope everyone is having a great start to 2014......The last quarter of 2013 was rough, lots of personal things that threw my mindset and activities off track.

"cash flow" doesn't include increased equity, its not cash.I understand what your wanting, and you can just add the amount of principal you pay each month/quarter/year to the cash flow report to get what your looking for,,but increased equity isn't current "cash"

A few things to consider:Will adding a fourth unit negatively impact the parking, or other property aspects for the existing three tenants?

The 3rd unit is a "servent quarters" that is detached and is 2bed 1bath, 728sqft renting for $750.

Negotiate a 7 - 8% annualized interest only payment (paid quarterly) for the private money investor.