PS: You also hurt my feelings with the caps lock.

We would be capped at 75% LTV, but with a 6.91% interest rate with a 5 year declining prepayment penalty. 

Purely based on the park income, the NOI @7.5 cap show a valuation of $1.0M, because of the land, POH and pads for expansion I offered $1.2M for it.

Parking is usually one of the restrictions that cap the amount of unrelated persons. 

The seller can contribute to closing costs in the form of a seller concession, but it must be done within the lender's guidelines, typically capped at a certain percentage of the purchase price.

If it's 1-4 units, then you'll need to look at comparable properties, but with 5+ units you'll want to determine the future value with NOI and cap rates. 

Purchased two rentals this year both with long term tenants. Immediately started making minor improvements, due to hurricane season decided to remove one tree and trim a huge oak tree at the other location. From a sen...

Quick analysis yields a 16% cap rate, just wondering if anyone has experience with logistics In running these places, paying staff, rent collection, etc.

One thing I have noticed is the asking price with it's cap rate, is almost always priced out by the properties POTENTIAL income! 

I will also change all 4 BR windows (common windows have already been changed) and a wall heater (not operational) but consider these cap ex and not included in the $5k.