If someone builds a new multi-unit building that costs X amount and the town in which it is built dictates the rental income for the structure is X - Y then how would someone get approved for the construction loan in the first place?

Hello fellow members,I'm ready to do the jump, but I'm curious to know where I can find the better deals for multi unit buildings 5+The price range (dictated by my down payment affordability) is between 200K and 250K at the momentThe cities I'm considering are Indianapolis, Cincinnati, Kansas City and Chicago.

I'm being conservative by assuming minimal depreciation (1-2%) in a neighborhood that is desirable today in a great school district that is walkable to shopping center with a supermarket, restaurants.Current income dictates that an appropriate out of pocket cost for next house should less than $3K per month.Possible solutions:Take out second mortgage/HELOC to get the $100K I need to buy the next house?

You should have a clause in your Purchase Agreement that will dictate when and how EM is distributed. 

Don't let this woman sob story you, don't let her dictate to you how this relationship is going to go, don't be passive.

Once "prettiness" dictates the choice of your primary, rather than "potential", we can't help you anymore.Congrats on having such healthy savings.

You may want to consider the seasonality of champaign URBANA, the students/ school year dictate the times you can rent houses.

It is almost impossible to dictate which tenant does what (unless there are two driveways, etc) so all of this falls on the LL and costs you money and TIME! 

Sometimes you will see a listed price and then after talking with the sellers broker to see why they are selling you find out the seller might look at a substantial price drop due to timing or life circumstances.In that case it's not the market but the sellers life circumstances that might dictate a below market sale.What price point is this?

Time frames will be dictated by the coordination with those departments.