It equals roughly  438 a month per unit.  438*8*12=42,000....it could be all lot renters or it could and probably just rent...it could be decent deal depends on the utilities set up, but what is upside, going to be a lot more time/money due to owning all the homes, and what is your exit strartegy...normally this small of a deal is better off being all rentals due to the smaller amount of revenue that it produces...it just depends on how close you live.best of luck

I do believe with commercial loans the income producing aspect of the property is what is considered, not your personal income.

I had never heard of it before either.. but that's what the state after I got my butt paddled made me produce to keep going on a NOTE JV ing.. and to get out of the Howery mess I created unknowingly.But when you do your funds you don't have to worry your not JV ing a note your investor is investing in a fund.. the FUND owns the note one NOTE one owner big difference. 

I am a freelance producer and also own a production company.  

EIG (Economic Innovation Group) was the political and intellectual driver behind the Opportunity Zone concept.

In theory if a property can not produce positive cash flow with a hypothetical 100% financing it will never have true positive cash flow, you will need to buy your cash flow up front with a large down payment.

That said, I feel flipping would give me the capital needed to pay off my existing mortgages, and turn my current rental into more of a cash producing property.

I am a newer landlord with 7 income producing single family homes that I fully manage.

Now we looking to go into commercial properties or buy a package of homes leveraging a loan.I like to get details on the loans avail from members here.I can give you example what we currently looking into and our situation.Credit score 680-720Cash in Hand: 60k+Own 2 LLC with multiple producing properties in each.We are looking at this 20 unit building in Detroit.

Very simple, straightforward innovative concepts to real estate investing.