@Ambica Pilli Couple of questions, from 10 units to what's your realistic max?

I am not able to fly to meet up at the moment and probably won't be able to for 6 months or so.

That could impact his ability to pay rent.

I would then pass that on to you in a rent increase of $100/month more/less.

I focused on construction to permanent loans on site built, manufactured, and modular homes.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Would love to talk REI mainly commercial an industrial.  

Excited to connect and have access all the resources that this awesome community has to offer.

I see you had it as an off market pocket listing, can you share some of how you came to find the deal in the first place?  

Hey Dan, renting to a sober living operator can be a great idea.