Most programs will lower loan to value max if the market is declining as determined by the appraiser.

Hi everyone, What neighborhoods or other micro-markets in Buffalo, NY offer lower entry price points ($150,000-$350,000) for multifamily homes (2-4 units) that have a higher chance of monthly cashflow? 

Maybe do some 3 month stays or 6 months stays if you can.Of course you can lower your pricing to be competitive with other rentals in your area. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Here are a few:Pros: -Reliable rent paid every month-Stable tenants that typically stay in the unit for a long time-Purchase prices are typically lower so easier barrier to entryCons:-Getting the files onboarded and processed is very tedious.  

But if your goal is to build a portfolio of rental properties for long-term cash flow, holding onto this property could help you achieve that, especially with the solid cash flow and lower anticipated repairs.4.

Low projected yields, generally, mean lower risk.  

I found a local broker that can do a 80-85% LTV for 1500 in origination fees which is much lower than current mortgage servicers price of 7500.

He could do an exchange in to a NNN lease, but if that’s not his field of expertise expect a lower income with his deuces work.

He's out of Rochester, has lower limits for DSCR but also has a ton of options for loan products.