Check their employment situation and see how long they've worked at their jobs.

Single story Exterior construction: Vinyl Siding Approximate lot is 30x106 Approximately 0.07 acre(s) Lot size is less than 1/2 acre ----how do you determine its Full market value.

I have no problem with taking a trip or several trips to NC to size up the area and look at places in person.

I'm early in my education here, but I think the strategy I want to employ once I get started again is "buy and hold".

Personally, I use Arial for just about everything I do and normally the type size is 12.Mike

What was the difference between these two properties, in terms of location, condition, size, etc?

I think the biggest problem would be coming up with the 20% needed to make these numbers work.Purchase Price:$2,350,000Property type: 72 unit ApartmentYear Built: 1970Rentable Area: 58,211 sq ftLot Size:: 124,823 sq ftCurrent Occupancy: 89.19%Purchase Price: $2,350,000Assignment Fee1: $100,000Cap Rate2: 10.77%Net Operating Income3: $253,078.29Pre-tax Cash-flow4: $102,986.01Earnest Money Deposit5: $21,500Down Payment: $470,000Loan Amount: $1,880,000Amortization Period: 30 yearsInterest Rate: 7%Mortgage: $12,507.69Loan To Value Ratio: 80%Debt Coverage Ratio: 1.5044Unit Mix: 24 1/1.5, 47 2/2, and 1 3/2Scenario A:You'll purchase the property at a 10.77% cap rate (based upon his actual numbers), DCR of 1.6862 (assuming you get financing at 80% LTV with 7% APR); and you should receive an annual pre-tax cash-flow of at least $102,986.Scenario B:You could increase your cap rate to 12.1%, your DCR to 1.8949, and the yield of your annual pre-tax cash-flow by nearly $32K simply by reducing your vacancies and collections (from nearly 11%) to 5% of the gross rents (which is the norm for that area—so it's doable).

As far as it sounding too good to be true, one catch is that you must be self-employed or have a business with no full-time non-owner employees to be eligible for the plan.Once eligibility is established, you'll submit an application to a plan provider to get your Solo 401k documents created.

Hey Samuel - what size MFH?

Hi Sadi, What size property are you looking for management?