I've crunched the #'s and if the duplexes finished/rented out appraise for $300-320 each duplex, and you have a loan for $240k, (could take your mortgage up to 300k if you could) you will still cash flow when getting market rents of $1300-1500 per unit.However if you guys think I'd be chasing my tail seeking Fannie financing to put in a few of these duplexes I wont waste my time and will work with my local bank...however I feel I might get a better deal with the Fanny multi family small market loan/dus lender.I worked with the neighboring city on a rehab a year ago and dealt with this cities inspector as well during the process when he filled in for someone on vacation -- he's pretty laid back so as long as I'm organized getting all the permits/inspections wont be difficult.

Hey Mike H, I've got some number crunching to do.

to find buildings for sell so I can crunch numbers.

Thinking of putting an offer in for a property but after crunching numbers, it looks like a BAD deal.

My head is about to explode crunching numbers.

However, there has to be some data I can crunch, would love to hear what some of you look at.

Crunch your numbers and make the offer that your numbers say you need to.

My two cents, you probably already know this:Time to crunch numbers, see if the purchase price still makes sense now that you know what needs doing.

To anyone reading this and crunching the numbers... it still made massive sense to us and we were still very optimistic.The next big lesson learned: MAKE YOUR SOW AS DETAILED AS POSSIBLE.

All sorts of issues.. the main issue was abandoned homes that were too old to tow ( our state regs) so had to be crunched and hauled to the dump.. so lots of money when these old trailers get to the end of useful life.YOu will find that lenders do NOT want you to Own any of the MH's.. and maintenance of park owned can be really tough because they are not like apartments were you can just run to a supplier and buy universal supplies etc.. to maintaining them is tough.Third one I just bought is a mini Ghetto and I will be hauling 30% of the homes to the dump. and replacing with new.. this has city sewer water ..