When I'm looking at various deals across platform and even deals on the SAME platform seems these can be calculated quite differently.For instance since IRR is calculated based on the capital invested if a cashflow shows that in a particular year they estimate that they will be ABOVE the pref and return some of the capital then the IRR in the subsequent year is likely higher since now the capital invested is lower but the return is the same thus boosts overall IRR for the deal.For this reason, it seems referring to the multiple as an additional point is helpful as at the end of the day it tells me how much real money is coming back to me.I find the calculations non-consistent especially on fund deals, where they can be open ended dates with a wide range of hold periods so you can really cherry pick your numbers to make the IRR and multiples look good.Any tips?

Aloha, @Trevor Yasunaga - welcome to BP and the island scene.

Does anyone have an experience in getting approved for a mortgage if majority of your income consists of rentals

I am buying my first forclosure property at a county auction in Long Island ( Suffolk County ), New York.

In my opinion, $200 per month, for a property in an extremely sought after area, with a tenant base that is extremely consistent, with military and government in the area not going anywhere, is a reasonable investment to stick with.I agree with @Russell Brazil, that you should hold the property in your portfolio.  

That is the price you pay for investing in a market with high demand and limited supply, but those same dynamics cut both ways ... that which is difficult to buy is easy to sell or rent and will tend to go up in value over time if the fundamentals that created the high demand and limited supply are consistent (which they are in CA).

It used to be a cool island of the East Bay and now it is "of SF." 

I've been pleased with the service they provide and their consistent feedback on all issues as well as faithful collection of fees and discussions of costs for repair, etc.I have the fail-safe of having permanent friends and immediate family nearby who can drive by the property to verify anything I might be nervous about... but you'll probably have buddies still in the area after you leave too.

Pull a new construction permit - this process is regionally specific and varies. 4. digger should call in a locate and do their job. 5. surveyor may return to stake the foundation for the foundation crew6. foundation goes in. 7. order curb cut8. waterproof the foundation if desired.9. run underground utilities10. backfill the foundation consistent with the manner for your area, backfill utility trenches, pop the curb (while the heavy equipment is there). from here, you can start framing. 

Is the formatting consistent throughout diff mail platforms / types.