Hey Mike We haven"t closed yet we are now on an extension with a new loan company.

This is likely something you can do on your own, but you have to be very astute and cross every T, dot every I, and know the law well - these slimy 'tenant' advocacy firms will exploit even your tiniest error.

@Liz Chen Hmm, I agree 7% is low since that doesn't include capex and the headaches/stress of being a landlord.  

You're in a really safe position right now and levering up to a large property might put a lot more stress on you, if the market falters, where your current portfolio should be able to weather the storm better.

I spend a significant portion of my life dealing with AT&T.  

@Larry T.

This multi-family not only needed to meet the first two conditions, it need to be located within a one-half mile radius distance from a subway station (for people outside of the New England area, we call it the ‘T’.)

In Ohio, this would be a great opportunity for a land installment t contract.

., I encourage you to make your offer based on actual numbers vs. using appraised value.You need to explain to the seller that a bank/lender will also underwrite the asset using most likely income on a T-1, T-3 and expenses at a T-12. 

tia, t