@Yuvaraj Vimawala I have two or three window units stacked up in my garage.

The software analyzes 3 sets of data:1 - Sold Comps2 - 4Sale Properties3 - Rental CompsI designate an area (can be as small as 1 square mile...a micro-market).I establish the range of sq ftg I will be using (i.e...1000 - 2500 sq ft), then the software groups the comps (all three sets of data use the same sq ft ranges) in sq ft ranges. 

They have been renting for almost three years now and not a word from the HOA.

I exchange/collateralize my income property at current market value for cash to another company called ABCTerms..ABC owns title of the property.Under the operating agreement of ABC I will be asset manager owning 50% cash flow and tiered getting less cash flow year after year.

The three of us started an LLC, opened a bank account, and each started contributing $1k monthly since.

I have a friend who built a Brand new home about three months because he is in the business for a long time, his Superintend itknow the city Schedule& Worked with subcontractors Efficiently. 

@Greg Davis - you have about $25K to $30K in equity to pull. that will afford you one SFH rental at $100K purchase price which will cash flow you $250 per month, give or take, your fees alone from a HELOC will be around $3K and then you have a monthly payment of $150 to $200, netting you $50 per month and so breakeven point would be 5 years.... maybe three at best. 3,000/50 = 60/12 = 5 years. 

Another good note is that the three properties together all fixed up would be worth over 600k.

I have read through it three times in the past 9 years.

Happy Friday - Thought I'd pick your brain on the financing terms I was just presented by a local bank:Per his email:Interest rates would be 5.125% for three years or 5.50% for five years; 20 year amortization and .50% commitment fee.We can look to underwrite and approve with 20% down payment if using 100% of your own funds <or> 25% down payment if obtaining a 10% seller second mortgage (15% coming from you).So,I currently own 6 properties (12 Units) with them, financed under a similar structure, that I purchased back in May.Looking to purchase an additional 22 Units contingent on bank financing, so before I move forward, what are your thoughts on this?