A few cheap modifications like a cold air intake and some high performance spark plugs and wires should allow you to eke out some extra gas mileage, too. 

Networking in real estate investing is vital so don’t be daunted and go to the events!

Also, my husband applied and was approved for a home loan modification. 

Wow, didn't realize that people were overlooking Insurance as a solution.Requiring Renter's Insurance with a substantial liability coverage amount is needed.If you agree to allowing the pet's then this is a great opening to have them sign additionaladdendums and requesting a modification to the current lease for pet deposit or pet fee.The tenants changed the original agreement by adding pets.Hopefully you have the move in check list and/or pictures showing condition of property prior to them taking possession. 

Yes you can do a loan modification.

Kysha McNeal that's interesting about the investor buying 7 buildings to turn into USC housing .I knew a guy that owned several properties that he rented out to students right by USC.I know he had some trouble with the city when he wanted to make some modifications to one of the buildings .

Infrastructure and location are the two most vital aspects to consider. 

I would like to know if it even makes sense to invest in MF or rentals at all in my market.So here are the numbers as advertised in the listing with my own modifications...Revenues:GSI (monthly) = 4125 (3095 if occupying one unit)Vacancy/ Credit Loss = 6% (this number I am not too sure of - just used Trulia)Expenses:Property Taxes = 6500 (not sure if this includes the special assessments)Insurance = 2210 (listing advertises 1750 but difficult to get quotes for old buildings)Maintenance & Repairs = 2000 (Note: building was built in 1947 - listing advertises $1,200 as maintenance expenses) (Also is this metric considered the CapEx or should I also have a separate expense for CapEx?)

Fellow investors,Has anyone assumed a loan after a modification has been completed?

When investing in real estate, having a knowledgeable realtor is crucial. To ensure they have the skills you need, below are five questions to ask. If they cannot provide a satisfactory answer to any of these question...