'I came to the area about 1 year ago and certainly the growth, the incomes, the diversity, all the good stuff was apparent.

Raise all $1.6 million at the outset, but call for the capital in stages.

-Sorry, I guess all my responses are long-winded!

The property now cash flows $4,550/mo after all bills are paid.

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

I tried attending one in my local market a couple of times but felt like I was in some hotel ballroom being pitched on how the 12 year-old kid up in front would teach us all how to run to the back of the room to swipe $10K on our AMEX for the secrets of real estate investing.

Hi All,If you or someone you know happen to be interested in reselling a Best Ever Conference ticket at a discount, please let me know :) Thank you! 

(Just giving an example of MF in a rural idea setting, not all programs require all tenants to work on a farm).

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

All in all I'm a bit lost in all of this and hoping to at least break even with my current property while keeping the mortgage low on my next property.