@Virginia Frost What market/city are you targeting?

They have been managing fine, although not too busy, I guess because of the market.

Hellen, do you mean you want your Realtor to market in other states for your listing in SWFL? 

Seeing a lot of new construction rental buildings hitting the market in Bronzeville and the west side, seems to be CMU brick around the sides. 

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

Plus is 4% even in line with market cap rates?

@Beatrice Ontiti we most certainly agree that adding new construction in a growth market to your portfolio would be a great next step! 

Make sure the tenants are paying market rent or above, otherwise your loan will be DSCR constrained.

I have been investing in the Las Vegas market for a couple years.