Making a note and deed of trust without funding it is a false document filing, if anyone else relies on that lien they may take you down the road for fraud.Check with your state laws on filing false documents.You can't have a mortgage where the mortgagee and mortgagor is identical, nor can you with the same party.

I have looked a properties identical to yours and passed, but you have some advantages.

Multis will not be as uniform in construction as SFRs as there are fewer of them and they are often built years apart.Sure multis built by the same builder and/or around the same time could be similar/identical ... so estimates/actuals from one might be portable to another.

In addition to prohibiting discrimination based on the previously listed criteria, state law also prohibits housing discrimination based on marital status, sexual orientation, age (18+), gender identity or expression and being a victim of domestic abuse.

I stay on the opposite side from where you were looking and rates are identical for the same type of dwelling.

I live in the Washington DC area and now own two condos, both positive cash flowing, one at +$340 (cash/cash @ 11%) and the other at +$330 (cash/cash @ 8%).A friend in NC alerted me of a deal on a fourplex (not on market) but here are the specs:Price: $240kCurrently fully rented at $2100/month (four each at $525 -- other identical fourplexes rent for $550, so I should be able to squeeze an extra $100 within a year).Monthly Costs:Electricity: $20 (just for some common area lighting -- each unit has its own separate meter for electricity and gas)Prop taxes: $90Water: $125Garbage: $50Septic: $30 (Costs about $1000 and need to do it once/3 years)Landscape: $50 (my estimate)Manager: $100Insurance: $100So total monthly costs are $565Assuming I can finance 75% on a 30 fixed note @ 5%, P+I should be $966.

I've commented on this site before...of the few tasks I clicked on, the prices they quote are about 20% more than I'd pay for the identical work in the markets where I work.This site is more geared towards retail pricing of renovation tasks...investors should be looking to pay less than retail...

They can only work with 1 offer.A Short Sale listing / purchase should be nearly identical to a conventional sale with the exception of the sellers contingency of short sale approval.The property should be priced at market value and offers should be within market value (or the lowest possible BPO).

. ($182,000)Although my subject property is almost identical to the other three comps, it has significantly far greater of a lot size.

Lots of identical properties in the same street.