In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Once I plug in all those numbers, I'm pretty close to breaking even.

Would love to connect and discuss what you're looking to do, my partner and I invest in Phoenix ourselves and can let you know what the returns typically look like.

Would be happy to connect at some point.

I'm looking forward to learn and connect with all of you already in the game. - JeffWelcome to BiggerPockets!

For a quick analysis, I get as close to the 1% price to rent ratio rule for cash flow in Indiana when I was doing my search and narrowing down properties.

I sent you connection requests.

So I would love to know where and how I can source such properties.Would also like to connect with some good investor friendly cleveland realtors with ears to the ground.And I'd love to hear about everyone else's experiences with moving from single to multifamily investing. 

He’s a close friend of mine.

I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.