Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.

As long as your applicant is approved through your housing authority to pay what you advertised your unit for and as long as you don’t broker a side deal after the HAP contract is signed for additional rent you are OK to proceed.

We are negotiating the price with no brokers, which I love.   

I insure my rentals with a commercial broker, Mark Roland with Four Square Insurance , that shops many carriers and tracks trends, etc.

Hey @Robyn Henderson - I'm a broker & investor in NYC. 

Work with an Investment Advisor over a broker/dealer if you are interested.

I started out a some years back and eventually became a broker to be able to help others.

You need to have a 620 FICO to go 70% LTV plus.Network and find hardmoney lenders that would work with you or find a co broker that will split the deal with you. 

Be conscious of people's time and be respectful of the work your loan officer/broker is putting in to get your deal to the closing table.

BronsteinAttorney, CPA, Broker and AuthorLicensed in Arizona and TexasWebsite: https://filectapapers.com