I like the fact that one and a half units pays all bills.

Quote from @Benjamin Sanders: Hi all,My wife and I made a last-minute offer on a rental property in New Albany that is in a flood plain.

Excited to learn and connect with you all!

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

All brokers, realtors, wholesalers, etc... you need to check this list before you call anyone!!!!

So all you see is problems. 

All the fine print came in subsequent e-mails.

I would appreciate any and all help.best regards,Jose have you called some local lenders?

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits.