(A 3 family would be 4 units counting the exterior, so use $24,000 as a base number to negotiate with.)There;s also a database online you can check to see if the unit has ever been inspected.Good Luck!

Hi Jordan,A business partner of mine is working on a calculator that estimates the costs associated with holding a property, based on constantly updated real world data. 

AI can play a role in lead generatio and market analysis, but in the end you want an experienced human to be there on your side when stuff hits the fan.

I'm not the biggest fan of Whitehall or Hilltop.

I am basing my calculations on the lower number to be conservative.

These are not actual numbers but just for illustration purposes - though look quite realistic for the market I am considering based on Zillow, FurnishedFinder and other sources.Vacancy rates for MTR are low due to an acute shortage of nurses. 

Your agreements with contractor should be based on a schedule of values and when work is completed they get paid.

I do think it takes far more time to master pricing than you make it sound because pricing based on beyond / price labs etc. is really bad.

@Mark Walker - There are no conventional "dscr" loans for SS and MHP; however, the actual metric still applies when evaluating the physical ratio performance of the asset classes.Private banks are really the way to go here and leverage is determined based on POH vs.

Based on what you're telling us, you may be good to go with qualifying for an FHA loan.