Brandon,Like some other parts of the country where you live it sounds like CAPS are low for multifamily as it has overheated on appreciation and speculation plays.If you want more of a return say 9 to 10% annually then looking outside the state might make sense.With 170k you could structure this way.1.Find a free and clear property and put some down for a private note owner finance .2.Line up lender finance but ask the lender if they allow the seller to hold a 10 or 15% second.Generally a lender wants a 75% LTV.The 170k you will need about 12k to 15k at least for due diligence.Environmental phase one,vapor intrusion,site inspection,cost reserve stable,survey,appraisal,closing costs (title,transfer taxes,etc.).So that leaves about 150k depending on what you set for reserves.With you putting 25% down that is a 600,000 sales price.Seller held second at 10% and you doing 15% down = 1 million purchase priceSeller holding a 15% second and you doing ten percent you are now at 1.5 million purchase price.As you can see leverage can greatly help you go into a much bigger property which grows your income stream faster if you to do right.3.You can partner up with other investors to own a larger more quality asset and your equity share is spelled out in the operating agreement.

A water, moisture/vapor, air barrier is better to be in place, such as some kind of flashing, elastomeric products, or similar.

I put up vapor barrier, fiberglass insulation and drywalled.

Assuming it is all concrete, do I need a vapor barrier **AND** underlayment beneath a floating engineered hardwood floor?

. $200K can vaporize quickly in a deal like this, resulting in a loser.A better calculation is to take the ARV, subtract 20%, then subtract the cost of rehab plus a contingency, and the total purchase price paid by the investor, including your fee, shouldn't exceed that amount if they are to expect a successful outcome.

Oddly enough the "money" was gone in a flash, but it took the bean-counters YEARS to recognize the theft (while the favored few enjoyed their playground without a clue).Of course when your accountant's name is MOSES, your *** is gonna be dragged at least 40 miles through some tough territory...http://www.newwest.net/topic/article/yellowstone_club_how_to_go_broke_on_375_million/C35/L35/Just another story of money returning to the vapor it was, nothing serious, a few might get slapped, but NOBODY IS GOING TO RECOVER VAPOR PAPER here or elsewhere.

Sheila is doing all she can with the game she was put into The Multiple of vapor paper to real money is under 35:1, it needs to go to 20:1 for this to work again.

It went from "Vapor to Paper", now it goes back to Vapor.Enjoy the show......

There is a large cover or sheet under the home, which is probably some sort of vapor barrier.

The cement floor underneath the carpet apparently has no vapor barrier.