It is as important that the lender delivers what they say, as it is that they are competitively priced. 

How much of a premium, I can't really say, as there are so many factors involved.

There is no need for me to say a single word to him, so I won't.  

although this wasn't in my target area, taxe are less than br i still accounted for the property accordingly, this could be give me enough cap rate plus monthly cash-flow, etc. but in this business always due your "due-diligence", i will blog some of the pictures i took of this project before and after the recent flooding in the near future, let's just say a pix or pictures can speak a thousand words, no words can explain it better than devastation...........it will be 6-8 mos before this project can go forth, and you bets to believe that i will be checking back around feb 17, if you are investor let me know what kinds of experiences you may have had and what's your due diligence piece or peace!

I currently live in New Hartford CT and rent out the loft above my garage so I am not per say a new landlord but a multifamily property will be my first real "income property".

Say a 3/1 or 3/2?

My advice to you is start with something small, say a SFR or condo and live in it for awhile and then move out at a later date and start renting it.

Say a house is worth 200k and their asking price is 190k, whats a low ball offer?

Originally posted by Joe Boggin:there is no snow removalutilities are paid by tenantthere isnt even grass for a square mile lol...again inner city..i will manage myself (i work 4 houses away)its only one rental so im not forming an entity yet...no CPAtaxes are 500 a year You're still leaving out the big expenses...Let's say a tenant moves out after a year or two.

What all would say a good weekly pay for a contractor/handyman?