This is a widely discussed topic on BP in both blog posts and forum posts.

The utility company then tells you that you have to scale down your building because it comes too close from their power lines and that they also need to have a wide access path to their equipements as they have a precriptive easement not mentionned on the title.You building is shrinking again.Then you ask them for a new overhead commercial service to connect the apartments, but guess what, while the old building was connected overhead (cheap) they will now only allow underground commercial services as the code changed and it will cost you $400k to install a vault in the street and connect to their underground grid.

Go in with your eyes wide open.

One is another owner occupied and one is a rental.At the end of the day, which is rapidly approaching for us, we hope to "go wide" with a bunch of houses, and then "go deep" by paying them off.  

I'm a new note investor wanna-be in Eagle River, Alaska and have searched the internet far and wide to find honest info about this area of investing.

The metric (widely seen on BP) is rent percentage to all in cost.  

We've cast a very wide net looking from Salt Lake City all the way to Orem and just found a four-plex in Pleasant Grove that we've made an offer on.

You may want to check out 10BillionCash.com to learn more about how that works.And yet, regardless of your source of funding, always run numbers that work in your area (cap rates, vacancy rates, and all the rest can vary widely, depending on property location).  

We have found a 1976 single wide 2/2 that would cash flow well, and have money at the back end,  but will probably not qualify for any loan programs anywhere.  

Free coffee, and bring your own ink pen.... it's a great group,  wide variety of knowledge..