Before the refi they were cash flowing and with this new refi, I may have to pay a couple of hundred $ from my pocket but based on the numbers I ran my 3rd property should cashflow enough to fill that gap. 

For my rooming house I ran into a different issue however as the city was refusing to provide a second bin.

I ran the numbers and it yielded me a negative cash flow of $985 per month?

I ran the numbers through the calculator and it looks like it has potiental however i was hoping someone with some more experience with the brrrr strategy could bring some insight as to raising the value of this property so after about a years time (seasoning period) when we go to refinance it i could get the partners initial investment back out of the deal. 

I will finance this purchase through an FHA loan where I will put down 3.5% and then in one to two years post-investment refinance into a conventional loan.But as I began to take action, I ran into two distinct problems:1.

In a multi-family property situation I would be looking more at the cash on cash return, cashflow and condition of the property as an indication of whether the property is a worthwhile investment, if the price I offer doesn't appraise at a bank that shouldn't matter to me if I ran my numbers correctly and plan to hold the investment long-term. 

I ran the numbers on that property.

And yup, when I ran the numbers, I ran it assuming the tax was literally twice what it is now and even basing it on if I pay the full asking price.

I ran into a family friend that owns 50 properties and he usually buys old properties and rehabs them to turn them into rentals. 

I ran into an agent who works for them and seems like they are a wholesaling brokerage.