From Florida's largest insurer - as well as the one of last resort, Citizens Property Insurance:  "When a roof replacement is required, and a coating or sealant is used in lieu of roof replacement, the risk remains ineligible for coverage." 

There are also some odd ball programs out there that will allow you to do a 2nd DSCR HELOAN to get some remaining equity but the property must still debt service 1:1.

I've been watching YouTube videos, reading, listening to podcasts.   A couple of investors said that it was important that homeowners had a certain amount of equity before they make an offer using the subject to finan...

And the result is very different: $5k is deductible right away, and the remaining $15k is slowly deductible ("amortized"): $1k per year over the next 15 years.

Returns remain down, and cashflow opportunities are harder to come by.Top Brooklyn neighborhoods for small multifamily opportunities:East New York: 35 DealsCypress Hills: 33 DealsBedford-Stuyvesant: 22 DealsEast Flatbush: 21 DealsThe BronxThe Bronx featured more new listings compared to 2023’s first half.

Tax appraiser accidentally removed the husband from title around 2022, HOA then foreclosed (Florida, HOA can foreclose and first mortgage lien will remain in tact).

I hope I can get some advice/motivation to get started!

Once the remaining 3 units are occupied, the projected monthly gross income will be about $7,800. 

If you're likable and keep showing up it shows the motivation. 

Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income