Huge piece of advice someone gave me as I transitioned to FT, do not count commission until the deal closes.

Some lenders will base off the "mix" of commercial vs residential by sqft and some will base off of rent, and some will base off of the unit counts, so you'd want to take advantage of the lender/broker that can fit your scenario in the most favorable way possible.Is the property fully occupied?

If you have a lease in place for the property, you can count that towards the monthly expense, but not always easy when you need a place to stay. 

So unless you plan on refinancing within the first year, the refi money doesn't count towards it.OK. 

I think this applies to that new wave of people who want to be helpful (and want to get their post count up) so they respond to everything and often leave their lane.Real estate is decidedly local and you don't know where the blocks change if you've never been there or invested there.

Cash-flow is great when you're looking to scale unit count more aggressively and appreciation is better for steady long-term gains and wealth building. 

YEs, it's cheating, but you won't be the first who has done this.Side note - I never understood why a college degree counts for S**t towards being a GC.

I've never done a fix and flip myself, I've always stuck with BRRRR because rents were the only thing that can be counted on.

- Kid Count - A lot of tenants don’t even understand how this works, and it changes somewhat often.

Not sure about PA, but in NY if there are any lights in common areas the landlord needs a separate meter - you can just go count the meters on the house, if there are 5 then you know there is one for common areas.I wouldn’t use cap rates for a four unit, use comparable properties if possible.