As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

Some of the "package rate" groups start at $15k, but include the compliance reviews of marketing assets, too.  

For now, it Looks like your roommate/tenant can cover half of your mortgage (plus hoa fees). 

The market is in a extreme state of flux due to interest rate volatility.

Now a "Foriegn National Mortgage" has similarities to those mortgage types but you will pay a higher interest rate and be required to have a higher downpayment as well (usually about 35% down). 

Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?

The rates are great, but you definitely have to work with someone that knows what they are doing...

✅ Interest rates you're comfortable with?

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

Hi Mike,I'm a Los Angeles area based mortgage broker that can assist.