Vegas Property $135k3B/2.5Ba Inspection came back solid, no major repairs needed, fairly new everything... current renters have been there over a year now and they pay $985HOA - $178Property Manager - $90Current Lease is up April 2019About 20% of our own money is invested Question: after all is said and done we pay about $20 out of pocket every month...

Originally posted by @Russell Brazil: Not only is it not a disservice to the client....its perhaps the most important service that I provide to the client.I still disagree, but I think you make a fair point.

The fair market rent for the area is around 850 for a two bedroom and the location is really good because of a military base less than a mile away. 

I don't think it is fair !!!

I will add the fact that there are things you need to keep in mind when it comes to the HOA fees, Never go with high-rise buildings because those common area fees paid by the HOA will kill you, I typically look at Garden-Style or 4 stories and below, I do have one property that's in a 7 story building but the fees were still fairly low. 

A hard money lender would likely charge 8-12% interest.A home equity line of credit (HELOC) is running around 5 - 6%.If he invested his money with someone else, he would expect a fair market return on that investment.

I’m looking to buy a 2 family in Schenectady NY that is in fair condition, 203k it to good condition, and owner occupy it while renting the bottom floor for a year or two then hold onto it and rent both units.

I’m looking to buy a 2 family in Schenectady NY that is in fair condition, 203k it to good condition, and owner occupy it while renting the bottom floor for a year or two then hold onto it and rent both units.This area is historically not the nicest (in fact there are some ghetto areas) but a lot of money is being put back in throughout the area and his has brought serious investors back.

Demonstrated enthusiasm for real estate with a high degree of creativity, vision, and technical aptitudeHigh level of communication/critical thinking abilityInternship or work experience in real estate or finance industry preferredWork well in a team based environment with open communicationAbility to analyze financial statementssome of the other things asked to analyze financial statements.I have started reading but plan on taking principles of accounting for a short 3-week summer course for credibility. 

I cannot finance a project like this by myself but am curious if anyone could lend a hand with connections or insight on what would be fair terms.I owe $350k on my home and am in the process of applying for my HELOC that I am thinking I can get about $200k out (if it is needed).