@Mike Terry sounds like a pretty good argument to go after the property, I think your question is more along how to value it, and account for the deferred maintenance. 

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

It sounds like you are investigating the DSCR route due to lack of investment funds. 

I'm thinking of doing a loan with them but it sounds too good to be true and you know what they say about that. 

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

You state the numerator is “units in the area” but that sounds like existing units, which is what’s calculated in Step 2.

These experiences shape my growth-mindset and value-first orientation, ensuring I bring a unique perspective to every deal.Personal Insight:As a father of six, I understands the importance of balancing family values with sound investment strategies.

Ryan, renting a place in PR to learn the market better sounds like a good idea.   

Hopefully it’s not combined with the landlord hatred.)It sounds more like an attempt to either admit they made a mistake or have to do any work to fix their problem.  

@Fulati Paerhati, sounds good, I sent a connect request with some additional information for you to consider.Look forward to connecting.