I would be all in for 1.42 mil give or take and he would be in for about 2.1ish mil with expected appraisal of about 3.6-4 mil from comparable businesses.Expected monthly income of about 40k with 15-17k for the note and would do a 60-40 split on the remainder.

Your finishes (due to ARV) will influence directly your cost, so the full gut price in upcoming areas will be lower if compared to a similar place located in a more "established" neighborhood. 2.

Right now Facebook is dirt cheap compared to Adwords, however not for long.Here's the thing Facebook ads is a push type of marketing, whereas Adwords is a pull form of marketing.

@Joe Graziano I’m definitely a multi unit guy, i can see the scalability and advantages compared to sfh.

There are not many properties for sale and the ones that are seen to be highly priced compared to the rents.

They all should be able to provide you a CMA (Comparative Market Analysis).  

I may be wrong, but determing the value of an asset based on comparable recent sales would give a comparable cap rate, but couldn't the value of a multifamily asset be altered through increasing NOI?

@Jay BedsworthThere are some advantages to the Solo 401(k) as compared to a comparable IRA. 

Donna Bauer has a great cours that is peanuts compared to what the expensive gurus charge and it will explain notes very well, as does Papersource University Online, good solid low cost education.Buying a performing note at the lowest price you can get it for is a good start on FCI, as they can service it for you and there is little work other than get paid back, unless they stop paying.

Can anyone compare and contrast SETH vs USDA?