Other states operate the way you described it being where you're from.As far as lingo to look out for:In-law suiteMother/DaughterIncome potentialCan be convertedPossible conversionAdditional living spaceHopefully there are some others that the BP members can tack on but I'm sure these are the most common in NY.Keep in mind, publicly listed properties have to be accurately depicted on MLS - Agents can face fines for falsely advertising properties as a multi-family when they are in fact legal 1-family dwellings.Furthermore, your Real Estate attorney will run a title search immediately after you go into contract to insure you aren't walking into any traps.

However, I would say I see nothing odd about his fees, based on what you have depict above.

I do not trust that the computer screening is going to give an accurate depiction. 

So I see it as a familiarity issue with the RE industry.For example, in syndications, I see sponsors contribute a large sum themselves to depict they have skin in the game, but do not reveal that they are collecting a higher amount as fees at closing.

That differs from the leverage in RE that is not backed by any value other than the RE.3) recognizing that most investment RE is at high LTV, the RE appreciation that you depict provides a return that is compounded for the LTV.4) I am not impressed by multi millionaire. 

Hi everyone,As the title depicts.

I am not overtly concerned because of the cash flow depicted by the 50% rule (you may be low here, but maybe conservative elsewhere).  ~$800/month cash flow equates to $200 unit.  

Every twist, every dip, every turn of the graph connects to politics, recessions , wars , making of millionaires... the list continues....Also, above graph is only depicting the underlying equity.

It is a fairly accurate depiction of how Landlords get suckered by attractive, well-dressed, well-spoken scam artists with money in the bank.

Oh my yes last reno we fought with old DW to get it outJill,I was talking about loose-lay fibre floor (the checkerboard depicted in the photos above).