I had not intended on purchasing an off market property so im learning this process as I go, currently awaiting seller P&S from attorney.Asking Price $169,999Purchase Price $160KSeller to pay $7500 towards closing2 units 3,050 sq ft 12 bed 3 bath $2400/mo incomeMonthly Income:    Monthly Expenses:            Monthly Cash Flow: Pro Forma Cap Rate:$2,350.00                 $1,728.77                         $621.23                            8.84%NOI                      Total Cash Needed                  Cash on Cash ROI         Purchase Cap Rate$14,147.64               $44,900.00                            16.60%                              8.84%Some of these number have changed for the better since I ran the calculator,  like the seller paying $7500 towards closing and my numbers are ran with me paying closing.

I ran the numbers with my dad and he helped me come up with the price I wanted so that I could go to the meeting prepared.

Edit: The 4plex I ran my analysis above on went up in the Zillow estimate by $5k since I wrote that 3 hours ago.

I searched through the forums and it seems like the best suggestion I ran across is to create a separate LLC to function as a property management company with it's own set of financials (I understand that the "management fee" I take is considered earned income vs passive income). 

Culture?

I ran into wholesaleing and i love the concept of it.

Only if I was young again, I could imagine house hacking and rent short-term to some exciting foreign guests, so much to learn from different cultures, or renting a room to a doctor or lawyer while they look for the primary home, what great connections you can make.

@Jai Reddy They absolutely are and it is also strongly solidified within the Swiss culture (also an entire subcategory of hunting for lesser known but high-quality brands).

I ran some numbers in 2019, and IIRC it looked like down payments were decreasing compared to 2017, an indication that people were buying before they had previously planned.

I ran into this refinance issue myself years ago when a property I renovated nearly doubled in value.