I know folks who bought strip malls and multi-tenant retail in 90s for 5-10 cents on the dollar at auction from Resolution Trust Corp after Savings and Loan crises in Texas, We are now going through similar deleveraging event after super frothy period in Multi-Family due to 0% fed funds x 20 yrs and many properties bought at 3-3.5 cap rates, especially in austin/dallas/H-town. 

Do your own maintenance items and reduce maintenance/cap ex costs.  

If it's being valued using comps (since they are 1-4 units) and not using NOI and cap rate like commercial properties, the return might not be there at the exit. 

We have seen new builds in certain areas in Reno have solid up front yield (around a 5 cap) and have immediate growth in a short amount of time. 

If they go out in 2 years then did you get the 9 cap?

I feel this target can be achieved given recent cap rates sold in the area, and hundreds of thousands of dollars worth of renovations combined done by me the landlord (1 unit+exterior), and my amazing tenants who did gut renovations of their units.The general rule of thumb is to use 3 lenders for cash out refinance right?

The down payment funds.Additionally, you can get as many DSCR loans as you would like; whereas, with conventional, you are capped at 10 properties per individual, usually, unless you pay one property off for example.Lot to like about DSCR loans.To your success!

Sure, you can (and I do) flips here and there, but wealth is built not flipped 20% a year NET caps, 40k a month income is much better than a mill.

I've been making over 7% CAP on one unit and over 6% on another at a purchase price of 250k.

- Broad language excusing PM from any responsibility (including that of anyone they subcontract out to)- Charging the owner additional "convenience fees" if they "fail" to perform according to an agreement (with broad language about what that means)- Making the owner pay for any mediation / attorney fees for both parties (with no cap specified)Specific fee structure: - Management Fee: 10% scheduled rents (up to 3 units); 8% up to 15; 6% up to 35- New tenants placement (not renewals): 50% first month rent- 10% mark-up on all service fees (no receipts required)- 15% mark-up on total cost for any capital expenditures- Flat turnover fee- Flat evictions fee