Yeah, probably a bad analogy and I'm not saying it just to argue, but at some point, competition lowering the prices for renting the nice places has to weigh on the rents (and ability to raise them in the future) of the mom and pop units, right?

Even if the payment goes up it's mostly towards interest (a write-off) and I don't know anyone that doesn't like lowering their income tax.The only other thing I'd ask someone (loan officer) is if doing a cash-out refi would create any large challenges around your debt-to-income ratio and hurt your ability to buy a subsequent property.

We ended settling for 3% on the first deal, 2% on the second deal and no fee after that.3% may seem high but it's a fair cost given that we now have the ability to build a long term relationship with a new investor.  

Hi JasonWhat works for me is find  the big real estate companies who have the ability to buy several deals.

I have the option of using an online brokerage account like fidelity which will have checkbook control and the ability to invest in stocks and mutual funds along with a loan option.

So when my lender said quitting my job would not effect my ability to get a loan I did it.  

@Josh Shaw I think these are slightly over priced and there is clearly some expenses missing, but the power of multifamily is the ability to value add.

In A neighborhoods with a significant young professional population I think the ability to rent is much more important than the ability to finance with FHA.

Jennifer N.Most sellers will complete the property disclosure to the best of their ability, but you should never ever rely on that information.

I have to admit, i have no experience in real estate, i just have the passion and the ability to learn fast.now i'm planning on building my online real estate company; i admit i have many doubting thoughts, since i'm planning to leave my current full time job and be fully engaged in learning/working in real estate.