Typically it cheaper to buy a property with one already built.

I also include in minimum requirements  minimum credit score of 600+ with no utility, cell phone, cable or internet delinquencies or collections.   

I have heloc through huntington on my peronsal home but when speaking with them about financing investment properties, they typically tell me they do not like to fund investment properties. 

For one, typically the board has to approve who ever buys it and even the tenant of sublet.   

Also, for these loan types, typical down payment would be 20-25% down.

And two or three financial publications then produce articles utilizing this unsubstantiated patently ridiculous claim as fact.

To assess the viability of this deal, I utilized comparable property sales (comps) and projected potential cash flow through a profit and loss analysis (P&L).

It wouldn't let me tag him on here. https://www.biggerpockets.com/forums/12/topics/1173593-begin...Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We also host meetups about every 2-3 months in Norfolk that typically has 40-60 people show up every time, and would love to expand that number so everyone has the opportunity to network with their potential next business partner.

Personally I work in the lending business and would love to inform you on my experience based up on what my clients typically go for.