If it ends in a sale for me, great if not, that's ok too as long as they made the right decision for THEMSELVES.Telling someone that their best interests aren't held by someone you have never even met before seems like a huge assumption to me.The fourplex advice I would agree with however.

Just open the calculator, scroll down to "Revenue Assumptions", click "Show Rent Lookup", select "Florida" from the state dropdown and "Sarasota County" (or another county) from the county dropdown.

That is a HUGE (and quite moronic) assumption to believe blindly in yes?

After that, because I used conservative assumptions results were higher than forecast. 

The fact remains, and I am making an assumption that there is some semblance of State law involved, there are likely a number of individuals that exposed themselves to personal liability by not following their own by-laws or other governing docs with the very predictable result of "deferred maintenance...and no money".

I would also go to the top properties & rentalizer tab and cross reference the amount you can make there.STEP 2: I would also consider getting rankbreeze chrome extension, so you can see how much a property is generating a month as you look around on airbnb and/or when you click comparable/top properties via airdnaSTEP 3: As a rule a thumb, when I analyze properties, I make a general assumption that someone will be willing to pay 20% more to have a furnished apartment.

But there are a lot of assumptions I am making.

Does anyone have experience with underwriting a commercial deal where they assume a loan and would be able to show me how to structure my pro-forma for acquiring a property with a second mortgage and an assumption?

@Choice Crosby III I assume you are talking about an Acura Assumption, not a sub2….if so, you must also agree to owner occupy for one year, the same as getting a new fha loan.

Also, I didn’t see mention of a deposit so I’m curious how they work maintenance requests, with no deposits and my assumption is 200/mo is significantly under the 10% of what your charging for rent in Brooklyn, I have to assume they are going to be calling you a lot for every single maintenance issue.