I agree with everyone on house hacking as a much smarter first purchase because you will get landlord experience and learn to understand cap ex.

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

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

You’ll want to understand key metrics like cash-on-cash return and cap rates to evaluate deals properly.For flips, it’s all about finding properties where you can add value through renovations and sell for a profit.

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

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.

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.