BFS FINANCIAL SOLUTIONS is posing as a lender, or they legit.??

So PLEASE don’t make another huge financial decision and then tell that same person after you do it.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Do you hold any financial advisor certifications?  

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?

But many people need to consider if they are financially ready for it or not.

And hopefully I can be financially independent by paying the mortgage down eventually.  

Additionally, I would suggest you run some financial calculations such as cash on cash return as well as any appreciation from the asset if/when you sell.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.