At $712,500.00 New loan that would put you at 75% LTV on a 3 Unit I would assume so your good there and rental could be used if it was used to wash the mortgage payment going traditional. 

To be really candid, if our machinations result in a someone renting from us because they are the best candidate but they don't realize we are black, and we then build wealth from them, we feel pretty good about that. 

Buy and hold is golden in the metro though as the metro has been a long term appreciating machine.

Not to say that some wonderful investment analysis can't be done by these fantastic machines, but in the end be weary of anything that claims to make investing 1. instant wealth or 2.easy. 

I have a tenant with a boat and a race car in a trailer , another tenant that brings home his Kenworth tractor ( no trailer ) to wash and wax it and do some repairs .

They hang great on the beds, look awesome and wash up great.

Your repair budget won't survive one modestly poor tenant turn, but your vacancy is a bit high so that could come out in the wash.

You won’t pay cap gains tax but you’ll pay some recapture tax on depreciation, but the amount you’ll pay tax on will match the amount of depreciation you deducted while it was a rental....basically a wash.

If this property is in an area where you need a bulletproof vest and a machine gun to collect your rent, I would not buy it.

I've tried using sites like Deal machine, but still haven't found anything, does anyone know of other ways to track down an absent owner?