In the Last 3 years we have purchased 4 Multifamily properties for a total of 31 units.

We have access to her online account and keep her checking account where she paid active (My wife was on the account before my MIL passed).

So VRBO does my calendar, and mentions additional amenities provided as well.You can get an idea by looking on line and looking at properties to see what they are charging, how many days they are vacant and see if you can calculate how much you need during the off period.

Purchase data:Asking price: $85,000My offer price: $73,500ARV: (per Redfin sold data) ±$110,000 Rehab: guessing around $10,000Closing/inspection, etc: $650 (i have no clue on this number)Holding Costs: $1,147 assuming about 2 months for rehabCash Purchase - all in for $85,297Income data:Rent: $1,050 per month (from zillow area rent data)Expenses (monthly):HOA: $17Insurance: $60Taxes: $166.67Vacancy: $52.50Repairs/maint: $52.50CapEx: $105.00Property Management: $105.00Total: $558.67NOI: $491.33 ($5,896 annual)Refinance:LTV: 75% of ARVLoan amount: $82,500 @3.75% for 30 years (estimated)Payment: $382.07Refi fees: $2,500 (assumed)Total cash invested post refi: $5,297.33  ( I'm not sure if i calculated this number correctly, any input would help me greatly!!)

That's not what we paid and you can also find it for less online.

I've just started to do a ton of reading and research online and books.

Ultimately a good local rep should get you a decision in 3-5 days MAX. i cant speak to the online loan houses.

What I would recommend is to utilize an online application or paper application so that the tenant doesn't have to pay an application fee just to submit the application to you.  

I look forward to meeting you online and possibly in person.  

Henry is a wonderful negotiator, firmly had his investment goals in mind and was totally prepared to make offers and close deals.The investors that are best prepared knowledgewise and financially get this best deals.Very proud to have spent time withHenry...i think we learned a lot from each other.