I am looking at a HML with respects to buying a property, making repairs/improvement and then refinance into a more permanent loan.

From this point and hopefully with a more established financial situation, I aim to acquire another MFH, move out of my initial unit, and update the former unit with the ability to claim deductions.

If so what would be a more realistic multiplier?   

They want $400 for a more extensive search but I dont want to pump money into something I may not close on.

If the flipper is woried about getting there money out to do the next flip use your good credit and partner with them to refinance and you handle the managment and you will get a more secure percentage of the deal to handle property managment.

Perhaps there are more stable, desirable markets nearby that have a more diversified economy?

Once you have decided on a home you will also want a professional home inspector to conduct a more thorough review of the home.Below are the most crucial areas of a home that you should look at, should ask questions about and review critically on your first visit to a home.Interior Windows, doors and door framesCeilingsFlooringFireplaceBasementAtticCabinets and countersExterior Color and qualityPorch and deskMaintenanceGutters and roofFoundationDoors and windowsSurroundings Driveways and walkwaysViews and boundariesBushes, trees and grassNeighboring homes and how they are kept and maintained

This is the first forum post that I have ever tried to write in my life and I wanted to start here because at the end of the day, I feel I have a large opportunity but I cannot find anyone in my area who's done a deal quite like this before, and has no experience in this type of real-estate.Setting the StageI live in a more rural area on Washington State, yet we are within a 2-hour drive of Seattle, WA.I have boughten 4 acres of airport frontage in our local airport and I own it almost free and clear, I only owe $50,000 left on a property valued at close to $800,000, according to the county.Currently, it's bare ground with, power and internet to the property and I would need to bring out the city's water and sewer to the property.ProposalI'm proposing to build up to 8 (maximum allowed by FAA per acre size) condo hangars with direct access to the airport itself.

I personally am in a holding pattern and am paying off debt to get into a more defensive position. 

Looking at the second page, you get a more accurate description of the cash flow. $600 post refinance, so $150 per door.