Two of my target markets are CA or CO. In

I am sure you are an honest guy, but in the past, so many investors have pulled the wool over the eyes of the banks and made it look like the paid more for the home than they did just to pull out extra coin.

I am looking to affiliate with a loan Co. in the hopes of learning an additional area of RE that I may offer any clients, specifically overseas clients.

I'd say its time for you to invest in some coin operated washer/dryers or remove then from the property and leave it as a w/d hookups available.

I could go on forever about investors and what they need to do to be prepared to jump on an opportunity when it presents itself like Bill did, but that could be a book to be honest and I don't want to bore anyone.Yes, they did find this deal on the MLS here in Connecticut and there are properties that fit the newly coined "BRRR" strategy here in CT which is what Bill hopes to do with this property as he outlined.

The building also has a coin op washer and dryer, I am not including this as I am not sure how much money they will generate. total rent $3200purchase price $232,260 ($237,000 with 2% seller paid closing costs)mortgage: $1,100 ( we are doing 10% down with FHA, this is including the PMI)taxes $389insurance $127landlord paid utilies ( water/sewer and house electric meter for common areas): $80maintenance/capex: $500vacancy: 8% $256Cash Flow montly: $748From what I have read most people on here are aiming for $200 a month per door this exceeds this requirement Cap rate 9.56Cash on Cash return ($8,976/$23,700): 37%This seems like a solid investment to me, its an older building, built in 1910 which is common for the area, but the basement and structure seems to be in good shape.

I put a lot of work in... new paint, refrigerators,and refurbished hardwood in each unit. new cabinets and cut out wall with counter top in two units. had the floored pulled up and tiled in one of the kitchens as well. new coin operated washer and drier in basement. separated the hot water heaters and boilers of each unit because they where all on one big meter because it was owned by an agency. a lot of work at least for me, i put in a lot of time as well has hired friends and a contractor. however i still did not spend the 45k i projected, i spent under 15k big difference but could only get the price down to 140k. 

However, my suggestion would be to find a local title co in case you ever need to go there for a closing. 

Thanks for all the input and keep it coining for I have much to learn.

@John H.I would get out of your current home if you can do so without losing a substantial amount of money.Then I would purchase a 2-4 unit property and see if you can get your portion of the payment to zero, or better yet, have the tenants pay for everything AND put some coins in your pocket every month.In my mind, investments should make you money, not keep themselves just barely afloat.