"Five Times Rents" lets you know the top dollar value of a "RENTAL" property at this time.If gross rents are $2,000.00 a month then annual rent is $24,000 a year. 5 x 24,000 = $120,000 as the top value anyone should pay.

Every year I file an annual 5500EZ form for the 401k plan, on which I write the EIN of the business (plan sponsor), not of the plan itself, because that's what the instructions clearly indicate.

They do not tend to like working with newer buyers needing tons of help buying smaller properties for a lower commission check.If you can be more descriptive such as your net worth and liquidity, annual income from job or business, total global cash flow, asset type, deal size, LTV with amount you are looking to put down, area, cap rate expected, fully stabilized or value add,etc.All of these things a good commercial broker will KEY in on to see if what you are wanting to do is readily available or you are looking for a needle in a haystack or wild goose chase type thing.If you are looking to find above market cap rates there are REIT's, pension funds, insurance companies that buy hundreds of millions a year in properties that I can call to purchase in 3 to 4 weeks close all cash.

And I understand he made significant improvements to the property but still find it high for an area with average annual appreciation of 3% at most.

The annual taxes were taken from the MLS and I would live in this property via househack.

.- At closing:  Down payment, points, other lender fees, prepaid insurance (most lenders want you to prepay for either the length of the loan or a full annual payment), prepaid interest (usually interest till the end of the month), and standard closing costs (from your closing agent). 

With 10 properties averaged at 200k , that's $3,000,000 over 30 years or 100k annually.

My mortgage payment is 30 years at 5% ($34,190 annually - principle plus interest).

@Alshan San I do self manage and do semi annual walkthroughs of my properties.

My mortgage payment is 30 years at 5% ($34,190 annually - principle plus interest).