I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

We don't have any issue getting it booked up for the season.

It, will go up next year.

As you know its near impossible to find a good cash flowing deal in CA due to sale price, taxes and lack of inventory.Last one I closed on was over off of Germantown Road it was a great 2 unit that needed a little TLC for $160K but passed an inspection and was livable.

I would imagine you are looking for a quieter community, more of a residential feel, closer to Disney but not TOO close to the Rte 192 traffic and craziness.

The fact that you  already had two closings in your 1st four months is amazing.

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Would love to review your numbers and share some ideas before you close a deal!

We have been in real estate for over 15 years, on the rental side we have owned up to 50 doors.

You will also have to factor in the closing cost for the new loan.