Quote from @Dean Harris: @Mike SferaThis is a great question and one I get from our client base often here in Memphis, TN.

Look at all of the costs and then all of the revenue and make a decision based on that. 

Most hard money lenders base their terms on the deal’s equity and your experience, so with a solid flip track record like yours, you should be able to find better leverage — especially if the deal has a strong ARV.What's the ARV on the property?

I do not personally use him based soley on the fact that the firm is virtual.

We consulted with a designer once, but saw it as no value based on what we had already done ourselves.

We are based in NYC but are considering (as of now) locations outside of NY but within a 300 mile radius. 

I am just assuming based on what you said. 

Seriously, it's important.And as mentioned above, the amount of rent you receive on multi-family properties is based on 12 month rental comps.  

Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.

Hey @Rio Nance you’re casting a pretty wide net with your question, since it's not specific to an area or city, but I’ll share based on what I'm seeing.