Thanks Each is worth 434 or combined? 

But here is a thought….Let’s suppose we have 2 renters living in the same house and they each make minimum wage at $8.25 per hour – a total of $330 per person per week or combined $660 per week or $2640 per month.

BTW, I know a lot of people on here would not think that $2,500 per month would get a quick renter, but this is Brooklyn.Within 6 days of ads, I got 40 inquires, 5 applicants and I took the best one which was a YOUNG couple that made $200k combined income plus had $200k in savings or an IRA.I don't really have experience with a higher priced apt like yours around the $5k range, but maybe my rental is annedotal.It seems to me that there are a lot of people who are considering low density buildings like ours to be highly desireable because of the Pandemic.It makes sense because you can pretty much isolate yourself and you don't have to go into an elevator, potentially breathing in someone's germs who may have just sneezed or coughed while you are within 6 feet of each other.For the Garden Apt, it's exceptional to have at this time of year as well.

My exchange accommodator has been awesome explaining the whole process and she said as long as the combined replaced purchase price exceeds the sales price from the property sold then it is a valid exchange.

This can be combined with other types of funding to cover your deal. 

Our goal is to supply you with unique data to help you make the most informed investment decisions possible.

Our goal is to supply you with unique data to help you make the most informed investment decisions possible.

In addition, I have been told they used a 3.5% rate which could be aggressive especially if 1) not owner occupied 2) loan if combined with primary is a jumbo 3) construction loan used.   

My primary question is, did anyone purchase something big early as their first ever RE investment (or very soon after the first) such as an apartment building, a multi-family package deal, SFH package (or quick subsequent purchases) with a total combined PP of $750k+?

Prices look to be all over place in East Hampton.For vacancy, I like 8% on MFR.Repairs and CapEx bump to 15% combined.