What part of Salt Lake is the property located?

I'm a newbie too so take my advice with a grain of salt, but I feel like you've done great already by finding a good deal in Westchester, and maybe instead of selling or doing a lease-to-own a refi and then rent could be a good idea?

Like I said I'm new also so take my advice with a grain of salt since there are people on here who have been doing this a lot longer than I have.

It's 4 in Salt lake.

At the time the property was valued @ $70,000 range by Valuation Vision, who's BPOs I take with a grain of salt.

What @Carlos Flores said.Here is some information, but not much.I can't recall for sure, so take the rest with a grain of salt, for FHA multifamily I seem to remember you need to have someone on the team that has done it before, and I believe a $5 million minimum.

I own three rental properties in Salt Lake, all three are A-B properties, 7 doors total.

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

I doubt cash flowing real estate is going to be your thing because of the time demands that it requires, but I've been wrong before, so take what I say with a bit of salt.

I do not wholesale so take my words with a grain of salt.