They charged an annual fee equal to one month’s HOA fee for the privilege of renting your unit.

For REO’s I generally like to know who the bank/asset company is because they aren’t all created equal.

So 19 units equals about 58,000 a door going in at 1,100,000.About 614 rent per door X 19 = 11,666 X 12 = 139,992 annual expected gross192,000 gross is about 842 a month so expecting a rent jump of over 200 a unit after improvements.

But I guarantee you the companies putting their name on the top of buildings in downtown Atlanta or Charlotte are paying a lot for it or getting equal value in lease negotiations.It sounds like your particular sign has some solid value to the business so I would start out asking for something for it in your negotiations and go from there depending on what else they and you want.The only caution I would throw in is to look at how valuable that location is to the bank.

All things being equal, I do understand the advantages of having a 3 unit vs 2 unit, but things aren’t equal where I am.

The inspection will tell you a lot of details on the quality of the house.Analyzing the numbersBased on the numbers it looks like its close to a 1% deal$600/$55,000Where $600 = monthly rent and$55,000 equals cost per unit(I am counting this as a 5 unit moreso than a 6 unit) $275,000 / 5

It would take years of Midwest cash flow to equal the profits from the last 5 years of market appreciation. 

If the monthly payment is $10,000, for example, a lender may want to see $120,000 in liquidity.Also, for Net Worth, they will want to see a net worth equal to or greater than the loan amount.The best thing I did when I got into multifamily investing was teaming up with more experienced people. 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

Be careful though not all auditors are created equal like anything else.