Is that because I am trying to compare to what I have usually done which is SFH that are considered nice with minimal upkeep and I don’t use a PM.

For modeling purposes, I'd plug in 18% annual increases on your flood insurance.

I love real estate but seems like is not for me, I was trying to put a brand new doublewide in it, I got approved for the loan but really don't have a clue about asking price for the property, I asked my realtor and she said 'well just add lot price plus house plus some cash for you' there is no comparables since all the mobile homes I see around are used and old, the price for the cheapest double wide will be close to 55k I was wondering how much should I ask for it , may be not worth maybe I can build a small house for that money??

The good thing with Philly nowadays is investors from NYC are buying up everything since everything is so cheap compared to Brooklyn and elsewhere.I see nothing but good things for Germantown 3 years out from now.

Back when I worked in the auction industry we used this exact language in MLS listings: The list price shown is for auction purposes only and is not an indication of value.Here the auction company is attempting to generate interest and create a competitive post-auction offer scenario (guess who they want to see bump up their offer).

So you can’t compare an investor rate on a 3-family to an owner occupied single family rate - two different things.I think local credit unions for the most part are going to be limited to working with people who live/work in the area.  

This should be compared against a contractor's or sub-contractors price.All the best!

Plus, using the building for a different purpose can be interesting.

The rental rates seem really high compared to other markets I've compared to.

Hello, BP CommunityI'd like to know if anyone has taken a similar path in real estate investing as the one I'm purposing for my wife and myself.My plan is to purchase a duplex in the Munster Indiana area using a owner occupied loan.