Here's what you're gotta look at that:GROSS RENTS minus:TaxesOwner paid utilities (water, gas, electrical paid by owner)Landscaping/snow removal paid by owner.Property management feeInsuranceVacancy and maintenance budgetsThat's going to be your net rent

Now for the numbers:Current Rents: $72,108 ($68,502 with 5% vacancy)Taxes: $16,759Insurance: $1,234Maintenance & Cap Ex: $3,268Owner Utilities: $2,400I am managing myself.With these numbers, the cap rate at that price is about 6% which is pretty good for the area in today's market, and thus how the seller is justifying her price.

(ie. non-obvious, trap questions to utilize during the tenant screening process).

Hey I am new here and was wondering if anyone is utilizing facebooks advertising platform yet to generate buyer or seller leads?

I am now looking to get into larger properties (my portfolio is duplexes and SFH) so I can utilize the commercial loan side.

We are thinking it won’t  be super hard to rent out the basement and get our monthly payment to around $1,000 including utilities.

In most cases, you must be an owner-occupant purchaser to utilize the VA loan. 

Are you planning to buy a lot off an existing tract or are you planning to build somewhere where you would need to bring in main utilities. 

If you have any small tips, tricks, questions that I can ask/utilize while talking to my lender, I would appreciate it.

New to BP, looking to join the community in my desire to learn Real Estate.  Currently reside in Dayton Ohio.  I am seeking my first multifamily apartment building and any helpful tips When looking at and evaluating t...