Here are the details:3511 Powhatan Ave, BALTIMORE, MD 21216 (Forest Park neighborhood)4 units: 3x 2br, 1x 1br all separately meteredRent = 3x $950 + $795ARV: $185,000Refinance 70% LTV = $129,500; 30 year fixed 5.5% = 735.29 / moCash flow $1,071.71Assuming a sale at the start of year 5Total PV - Rehab Cost = Purchase Price144,036 - 60,000 = $84,036Again there are a bunch of huge assumptions here but I'd be happy to elaborate on why I chose certain numbers.

I assume a D neighborhood. also its close to 2%. but anything that rents for under 700ish os going to cost you. paint and doors cost the same for a property that rents for 1200, but atleast you can renovate it every year at higher rents.

So it may be worth staring to learn and do your due diligence about they type property and neighborhoods you want to invest in no matter what the lenders say as even if the worst case scenario is that the banks say you need 2 years of employment so that in the meantime you can get to know where you want to invest and what a good deal looks like and in 6 months you'll be able to pull the trigger right away even if you have to wait for the 2 years of employment to take effect. 

He's also a MD realtor and organizes a local REIA in the area.

Louis, in a nice, safer pocket of a bad neighborhood, with good cashflow and luckily, pretty good tenants.

Are there any addition fees outside of the interest or organization fund?

Therefore, a partnership makes sense so that the entire 8-units and commercial space is run by one entity which splits the income and expenses appropriately.Since my wife doesn't want to engage in a direct business relationship with my brother, she would prefer for us to purchase the properties seperately; how would you suggest to organize this purchase so that both parties are satisfied?

Pinpoint the neighborhood you want to live in and start farming the area.

I'd like to ban indoor smoking, remove some no-op vehicles and organize storage. 

Hi All, looking for feedback from active investors or agents who work systematically based on neighborhood or zip code.What is your process?