This is a father-son duo with extensive experience in Charlotte real estate.

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

You can offer a payment plan, but I wouldn't stretch it out more than six months.3.

Tenant not trusting this work as he is out of home when this work is performed as he has some minor surgery. 

If given a choice between one paid-in-full property and two identical properties with 50% leverage, the latter will always out perform in the long run.  

Deed fraud and mortgage fraud - be carefulWe just got some mortgages that were non performing that were part of this mess - was not something I wanted to get involved inhttps://www.justice.gov/usao-wdok/pr/former-president-first-mortgage-company-sentenced-serve-104-months-federal-prison-and

Hoping to get into a small multifamily property (duplex, triplex, or fourplex) that may require some work but not too extensive.

Lots of great answers on here - especially going to DSCR - one thing I wanted to add is as part of your hard money loan, see if they have option for 3 or 6 month extension.

Reviews can sometimes be a problem for them, but they do have some that perform.

Typically before the land is purchased, I advise buyers to perform all of the due diligence starting with the zoning and development code to know what is even possible within the confines of the existing zoning with the city/county.