That being said, estimating rehab costs is an art, not a science, and there are many variables at play.

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

I've been working in multifamily buildings since I was about 18 with the flooring business, and I was always fascinated at the thought of owning one. 

Just my opinion, no science or hard math to it.

I'm currently a second year college student studying Computer Science at UMass Amherst.

After running over a thousand SF deals through my fingers over the years, I could write a book on success and failures, but it wouldn't do much good as no two deals are every the same, it's always apples and oranges, but good underwriting is as much an art as a science, your best bet is to find an experienced RMLO mortgage broker and a loan servicer.

It is not an exact science but rather pulling data from multiple sources.

That is why I said "Clueless" Assuming this deal Closes and we stick with the worst-case model, we will make bi-weekly debt service payments of $3936, despite the note being at 2.7%, This is fascinating.

Originally posted by Ryan Moeller:You already have out of state investments so you know what you are getting yourself into and are obviously comfortable with that.I do have other out of state investments but those were all handled with a bank the bank and the Realtor did all the behind the science stuff and all i did was sign papers this is my 1st deal where i am dealing with a whole seller My advice is to just make sure you do thorough due diligence on the condition of the property, due diligence on the management company and vacancy rates in the area and with similar properties.