Owner said has long term tenant on one side of 9 years , building has had  great rental history.  600*2=1200 monthly1200*12= 14400 yearly taxes/insurance =2800 yearlyrepairs/maintenance 10%= 1440vacancy 10%=1440 14400-2800-1440-1440=8720 NOI20% down on 99000 @ 4% interest 30 years =19980 mortgage payment roughly 382 a month /382*12= 4584(NOI )8720 - (debt service )4584= 4136 monthly cash flowcash flow 4136 / (money invested) 19980 =20% ROIAm i missing anything here ?

Local and regional banks all of their own loan committees to terms are different, history matters, relationships matter, so it's different than an originator that will turn around the sell the paper.

What I bring to the table:- Stable income/employment history- Handy and technically minded- Great with excel and programming, should translate well to custom analysis tools and automation- Commitment and discipline to spend the next decade grinding and doing whatever (legally and ethically) it takes to be successful.Thank you for taking the time to read this, and thank you to everyone involved with bigger pockets for facilitating this community.  

In the meantime, my long-time girlfriend Cara, my daughter Laylah and I  moved into a rental house together in Cherry Hill, NJ, on September 1st with a solid 2-year plan. 

We are self employed and do not have enough history to get a mortgage.

If they are I proceed forward and do a better repair estimate if not more than likely I would just be wasting my time and with my current projects and 7 month daughter time is fleeting and precious.

During the worst recession in history, when NO ONE could get a real estate loan, I sold a property to a young family via Contract for Deed.

They come for funerals and weddings, for conventions, for Cyclovia and El Tour and Dia de los Muertos,” said Johnston, who holds the status of an Airbnb “superhost” — one who has nothing but five-star reviews from customers.Johnston said she strives to include special touches — local history books on the coffee table, piñatas on the patio, cowboy boots on a shelf — to give visitors “a sense of what Tucson is all about.”

Since there's not a lot of upside equity potential, would you buy and hold and keep generating $700/mo, or establish a good rental history and sell it off for $60K in a year or so, potentially putting $28K in profit back to the IRA?

If there is a history of Item being stolen then you need to be careful to make sure that doesn't happen to you.Best of luck