I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

This will increase the likelihood of getting references of other off market deals from both of them in the future.

There are two ways to do this decrease spending and increase income.

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

Something that is increasingly important to those clients is being cash flow positive from day 1 and this is what we deliver.

page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

So if prop 33 passes it will be possible to cap rent increases from one tenant to the next.A recipe for blight.  

An experienced property manager should minimize vacancy, increase income, and have connections with contractors and other professionals to manage your property well to maximize your return on investment.To Your Success!

Or can you acquire another business in an adjacent field that increases profitability?

Slight Update: After speaking with more BP members, I’m increasingly leaning toward making my first purchase in New York—a 4-unit rental property where I’d be my own landlord.