Anyway cap rtes are thrown on here frequently and the way theya re defined on here befuddles me as I am used to the Walgreens / Targets of the world and ( typically A+ tenants in the 5 range A Multi family will get you high 6's low 7's in various markets ) cap rates determine value  eg...

These posts are actually amusing for Mortgage Industry people to read at just how out of touch they are with reality and all the  stupid mistakes that go on behind the scenes at Banks during the loan process and U/W.

Thank you Wayne, maybe I am using the wrong word not easement but the seller said the lot is qualify to subdivide, the lot under both the zoning and subdivision ordinances, BUT HOW LONG WOULD THIS TAKE AND HOW HARD IS THIS ACTION GOING BE AND COST? 

You should probably speak with an asset protection lawyer (I am using one right now but it is not cheap). 

Hello all,I am attending my first sheriff's sale this afternoon and am using Doxpop for a title search. 

Hey @Pat L. your right, I'm starting to find that it is an entirely different animal as compared to the multifamily value add model that I am used to. 

I am using the first flip as a stepping stone and don't want the get sideways out of the gate.

Personally I think it's better than much of the other crap I have seen out there.My clause for Cozy (which I am using) looks like this.RENT PAYMENT PROCEDURE:Tenant agrees to pay their rent to Landlord by way of the Cozy online website link provided by the Landlord.

I am using the 1% rule, looking at cashflows, and financing costs. 

I needed his Bid ASAP since I am using a 203k loan for the rehab and the bank said it needed his bid before they could proceed with the appraisal.