This is an expectations issue, not a calculation one.With that said, you need to be looking at properties where you can add units and/or bedrooms.

Hi John,To effectively gather a list of multifamily properties for your marketing mailers, here are some resources and strategies you might find helpful:- Reonomy: This platform allows you to search for multifamily property owners based on various criteria, including location.

Mike licensed Mortgage lender who can do residential owner occ loans is what a RMLO is.they are tough to find because most work for a broker that will not allow one offs.. when I was current with my RMLO license I thought about setting up for this business but too much work for to little money.RMLO needs to be a state licensed mortgage lender and NMLS registered to do owner occ loans. 

This is my opinion only. 

This resulted in approximately 600,000 gallons of water wasted and nearly $12,000 water bill over the course of 2 months.

Yes, I have seen a good number of deals like this.

This would require seller to bring cash to closing.

This is because the earlier years see a large jump in IRR due to the leverage used, however this effect diminishes in later years.2.  

I thank God for my 20 years of experience in real estate What made you interested in investing in this type of deal?

Hi Mary,It is true the lender will not usually give you the rehab funds in advance, but this does not mean that you must complete all of the rehab out of pocket.