LTV is 75%. 5 PlexTotal Rents: $45,600Vacancy 8.7%: $3,967Taxes: $4,520Insurance: $2,100PMC: $4,560Repairs: Unknown (Could be $1,000 or best guess of 10% of GRI $4,560) Need inspectorElectricity, Heat & Water: $2,500Misc.: $200Total Expenses: $14,880NOI: $26,753Mortgage: 4.63% Debt Service: $18,026Cash Flow: $8,727Down Payment: $97,500CoC if Maintenance at $1,000: 8.9%CoC if Maintenance at $4,560: 5.3%The maintenance portion of the above is not fully vetted and could bring my CoC return lower.

EXTERIOR IPMC 604.3 - The rear receptacle must have GFCI protection.LOWER LEVEL IPMC 704.2 - One smoke detector is required in the bedroom.IPMC 604.3 - Install a grounding jumper wire (bond) across the water meter. #8 copper.

My model does include an annual maintenance amount and a big ticket amount (capex  ie roof) and finally some utilities (I like to pay the water bill and lawn maintenance so the exterior always looks decent).  

When the stress test was performed gray water came out of the Cleanout.    

The water heater is upstairs in a closet (all of the upstairs is carpeted).

in the murky waters of "This is what I think happened... agree with me, please." 

A client of mine bought a 60 unit and had to put up 20,000 to the city as they handled water,power,trash etc.

The monthly income is $1800 and cost for the mortgage, taxes, insurance, water bill and repayment of the ten thousand still leaves me with $652.15 a month!

If he is purely a lender, he will be paid via interest income and his tax breaks will come from his lending business, not the performance of the property.

I do not know anyone that thinks Dricore is worth the money in our area.To me it seems like it would cause a huge increase in the wicking of water into the sheetrock if there was a leak.Where would the moisture go if you seal off the 1/4 inch gap around the edge with vinyl?