Hi Avishnay, I know Andres and his wife Luz personally and they are a great resource to have in the Jacksonville community! 

I purchased the unit for 250K and I put about 25K into the place.The rents in the area for these type of units go for around 3K, maybe a bit more, leaving me about $400+ a month in profit after the mortgage and HOA.

Each investor has to drill down on an area based on a lot of other metrics including things specific to each person.The mods aren't trying to stifle anything.

Hello, we're in the Bay Area (which is too expensive for us to buy a home).

We are a DSCR lender who can get to those minimums, maybe a little lower. 

We do Self storage so we use 90%.The lease is legal but you or your attorney need to vet it.  

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

That is why you tend to see builders offering such a big "Builders Credit" it’s because it's "Ghost Money" it really doesn’t matter or exist to an extent.A builder can go into an area build 20-30 homes for example, buy the first 2-3 homes paying top dollar so they can set the market sales.

Hey guys, my name is Brandon, a NEW investor in the Austin Area and new to BiggerPockets.

Hello, we are an Investor in a 260 unit older multi family complex in the Atlanta area.