Talk to local banks, and as a benchmark, talk to BMC Capital, as they post 80% LTV on MFs, which I'm sure would apply to very strong borrowers and very stabilized properties.http://www.bmccapital.com/tools/rate_sheet.php

Not saying it's impossible, but the deal is going to have to fire on all cylinders for it to have a chance at that LTV.If that is the benchmark you need in order to pursue then your local lenders are your best bet.

Is there a rule of thumb that you guys tend to use to provide a benchmark average?

They can shop among their companies.You can call and benchmark it against a State Farm or Farm Bureau if you like.Get $500K of liability coverage in the policy, and ask for umbrella protection of at least 1mm (2mm even better); doesn't cost that much and necessary to help protect assets against lawsuits.

That seems to have worked for him, so I would think that would be a good benchmark for any new investor who thinks he is very good.

Yes- elevation certififcate is great --but costs over $600 --or more if there is no bench mark nearby.

The biggest proponents of the 50% rule will most all tell you it is not a perfect rule, but a benchmark to work from.

Hopefully he won't do that; Allow me to explain to you a Chicago thug politician as I have been trying to every person on this board for two years now. 1.7T is now his minimum benchmark.

It is not a bad benchmark for worst case scenario.

Most people here say that the 50% rule is a good benchmark for maintenance, and that over time, it is a very accurate measure.