You need to drive around and identify what appear to be significant differences.

You certainly have a housing inventory in NEW, (the airport identifier, LOL) for rehabs.

Searching for “renovated”, “renovation” or “new” in the MLS description can help identify where flippers have sold (or are listing) a property.

Feel free to identify anything that I neglected - this is non-trivial stuff.

We're targeting the NYC/Westchester County and Atlanta Metro areas and we're anxious to jump into the business now while we're still recovering from the crash.Having identified what appear to be excellent candidates for our first property, the problem that we have is money -- being barely out of school, we don't have the money on hand to cover the down payment on a mortgage, let alone the costs for improvements and closing costs.

You get ONE paper statement, with each account identified and transactions that go with that account in its own section of that single statement.If you have to maintain separate escrow accounts for each tenant, then "relationship banking" is even more beneficial for all, because those escrow accounts sit there with zero activity, so why have to deal with all the extra statements.And if you go paperless, then this is even less of a factor to the banks; the account info is all computerized, and the computer could care less whether the accounts it has belong to one or a hundred people.However, the smaller bank, with just a couple of branches and the same people always there, just might look at your situation as Bill posted.

Thank you Peter.I guess if I could continue with this then, what would be the next thing you would look for in a market you identified that has a high absorption rate?

The key is learning how to identify the 1% deals in both cities or any other city in the country.

We identified it but ensuring all faucets were off, not leaking and checked the water meter to see if it was still flowing water.

If the prior company is out of business you may be either S-O-L (an multi-industry term), or...You could go back to the prior insurance company, identified on the recorded transfer deed, and ask them to insure your transaction, or...Offer to personally indemnify the insurer of the last transaction, if you believe you have about a zero % chance if one of the lien holders sticking their head up and making a claim.