@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family. 

@Philip Beckwith typically in Michigan, you can only do a tax appeal in February.The instructions will be on the back of your winter tax bill.You will need to have great comparables to challenge the City Assessor's valuation.

Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?

Utilities, insurance, pm, misc would place my expense estimates about 10% higher than your estimate.we agree that mls San Diego properties at 75% LTV are likely large negative cash flow. 

Typically, a Subway will go for 3.25x EBITDA.

While the guarantee of income sounds great, it's only a percentage of the rent, typically up to 70% and the tenant has to pay the remainder.

But if your goal is to leave your day job soon, multi family will offer more cash flow typically.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

The other markets are in southern states.My buyers are typically the "trades".  

The neighborhoods are not upscale but they are desirable so good tenants are typically found quickly.