And, if it still looks good on paper with the higher reserves and the higher numbers, then I would say go ahead and continue with the process, but make sure you are going into it knowing what business you are getting into and what that business model entails.

I could have been more assertive here also.  

I usually get the rehab cost and what the entails (very high level). 

Principal and interest paymentPITI Annual: (23,675)Levered Free Cash Flow Annual: $22,174Cash flow per month: $1,847Cash flow per month per unit: $108In terms of initial Equity, with the assumption that we will be putting down ~$112,000 of equity into the property, and then also ~$23,000 of closing costs (Simply percentage assumption, have no idea what closing costs will entail :)) and about ~$50,000 of repairs (Also simply a percentage cost, do not have complete understanding of what will need to go into this, however it is close to Marcus assumption that you should assume around ~$3,000 of work per unit.)Equity Contribution: ~$112,000Closing Costs: ~$23,000Repairs: ~$50,000Total Cash Contribution into property: ~$185,000So from this assumption, we would have a year Cash on Cash return of about ~12%.I don't think that's bad at all.

As posted above the issue revolves around the political pressure being asserted by residents of the historic district who are resisting area homes being used as short-term (mostly VRBO and AirBNB rentals).

Their job also entails running rent comps, and helping us build our team..It would be wise to build relationships with a few brokers.

This is a serious assertion to be sure, by the source is very confident in their position.One person who gladly says she refers a lot of business to PIP Group goes by the monicker, “The Tax Lien Lady.”

Make sure you ask what the closing costs will entail. 3) You can utilize a private lender to refi your current loan with a bank but know that most lenders would prefer not to because if you can;t pay your bills with a lower interest rate, chances are they will be hesitant to give you a loan with a higher rate.

My recommendation: study more about what good landlording entails.

It may entail you having to disconnect with some close friends.