The CMA's, based on the comps, say the house can be sold for around 75K (except for one that came in way low, which I think was prepared wrong), but I don't think I can get more than 69K for it and may likely sell for 62K to make a fast sale

Nothing new, except for the fact that my already haunted property was in the background with police tape around it.

There's no way I touch any 16% money (except as a lender) even on a good deal.

This is not a repair or a capital expense that will be absorbed in the 50% expense number, except over the EXTREME long term.

Capitalization rate factors in ALL expenses except the mortgage payment.

But here's what I have right now....Asking price: $49,000Comps: $100-110kmonthly gross income: $1050needs new shinglesowner says the building needs "updating" (the outside looks fine to me).key points-rents are currently 20% below markettennants pay all utilities except water and sewerbuilding has electric baseboard heattennants currently have free washer/dryer use (this would change quickly if I purchased, and would provide increased income)I know the first thing I have to do is determine how much updating needs to be done.

You get the same financing as single families with exception for loan limits.

Add a bath if it only has 1, Those are excellent ideas, but not the kind of things that will cause a house to appreciate at higher than market rate, except for the bath.

Nothing, except this property won't cash flow even if you put $200K down.

These rules have to apply to everyone on the property, but you can accomplish quite a bit with this, including (check your local laws) late fee charges, and most other items EXCEPT the term and base rent.