Just glancing at them, property taxes of 16% look high to me, but I'm not familiar with the area so that could be correct.I know you mentioned certain "synergies" which help make this a good idea for you, but if you were referring to living in the 5th wheel on the property and getting rid of storing the cargo trailer, well you've already said you don't want to live in the 5th wheel much longer so I can't see that as a long-term win.Overall, ignoring the underestimated expenses and everything else, you're report basically shows that you'd be spending $180k for a negative return, so unless you're banking on the property appreciating a ton in the future (which based on pg. 2 of the report it doesn't look like) I'd say this is an opportunity you should just pass on, but that's just my opinion.

LOT 5 BLK 2 REESE KING ADD TO BLUFF PARK ESTS PB 4 1 PG 57COM SW COR OF SE 1/4 SEC 6 TP 19 R 2W TH E 910 FT TH N 215 FT TO POB TH CONT N 160 FT TH W 15 FT THCOM AT NW COR OF SE 1/4 OF NE 1/4 SEC 7 TP 19 R 2 TH E 682.5 FT TH SE 134.5 FT TO POB TH SW 102.1 FTLOTS 39 & 40 BLK 8 NORTH LAKE PARK ADDBEG AT SW COR OF SE 1/4 RUN N 440 FT TH E 660 FT S TO P O B CONT E 150 FT N 100 FT W 150 FT S 100 FT

whereas buying an apartment with say 20 units is just one loan and 20 doors.there are some companies that sell 2 flats and 4 flats with the idea that your conventional mortgage slots are not taken up by one door but each loan is taken up with multiple doors.. and if your scaling its doors your after generally speaking

I am in Maryland (PG County), I am looking to hit the ground running as soon as they move out (before the end of Feb).Have you had any experience with grey pipes, and what did you swap them out with?

I'd like to take out the mortgage under my name because I have residential fannie mae slots open on my credit (haven't hit 10 properties yet), and the interest rates are lower.

I live in DC and looking to pick up my first flip in PG County, MD to get a better grasp of the process since that area is close to me and has a lower market entry. 

That way you have straight cash flow from the 1 paid-off home and have freed-up one slot so-to-speak so you can purchase another property under your personal name and not go the commercial loan route. 

But you should be able to refi a chunk of those into a larger commercial loan, freeing up your 10 slots again.You could also go the private money route, for example, offering friends and family 6-10%.

I haven't get the time to go to PG yet, but will let you know!

Nothing fills up the time slots on the nightly local (and national) news more than the hurricane awareness segment.Pleaseeee...Give it a rest already.