But you should judge your PMs on more than just price.

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

Depends on the brokerage you have, but the one we use currently has a rate at 5.83% at 50% LTV.

Congrats on buying your first condo—that’s a big move, especially in a competitive market like NYC.

I have drafted plans for covered patios and decks in Coronado, City and County of SD.

My numbers on the deal were as follows:The Property was in Hales Corners. 

I mean come on!

For example, State Farm typically requires the latest inspection report for underwriting on multi-family properties that are over 30 years old.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

We have many efficincies under management with a ~10% vacancy rate with prices ranging from 485-625 depending on location property quality and amenities.