Current tenants have never had rent raised.Leases:Unit 3: One year; expires August 31, 2017Unit 4: (did not scan; at home; will send this evening; pretty sure 1 yr lease ending summer/fall 2017.)Unit 5: 6 month, expires June 30, 2017 (just renewed)Unit 6: 6 month; expires May 31, 2017All rented.Asking price $135K2016 (est) Repairs: $1,100Improvements: $1500Rental income: $18,000Annual recurring expensesWater $840Trash $912Snow/Lawn $750Property Tax $2,700Insurance $2,100Rent (@ 100% occupancy)Units 1 and 2: $12,360($515*12)*2Units 3 and 4: $12,600($525*12)*2Total rental income at 100%: $24,960Improvements to units 3 and 4Roof 4 yrs oldNew toiletsHot water heaters 4 yrs oldFoundation drain installed both units 3 yrs ago; warrantied for life; transferableNew rugs; walls paintedImprovements to units 2Foundation drain installed unit 3 summer 2016; warrantied for life; transferableNew carpets and paintImprovements to units 1 and 2New roof scheduled for mid-January.I would appreciate any thoughts.Bill

send me an email with your information. i will be there in two weeks.I would like to bring a speaker to come talk to investors if i can get him scheduled.

Portfolio loans do vary widely - from higher interest rates to shorter amortization schedules - so make sure you know all the details BEFORE putting in a contract on a home.  

All you are bound to is having to close on the scheduled closing date and not being able to terminate if you can't get financing, i.e. you have no mortgage contingency and if your financing falls through you have to be prepared to close in cash or lose your deposit.

Can you PM me and we can exchange contact info and schedule a time to chat.

For me, if I can make extra principal payments any time on the longer AM schedule option I would go with that.

Also what works for some people may not work with you or your schedule.

Also, I'm not sure I understand how interest payments are calculated if there is a balloon payment usually after a few years... for example, if I bought a $100k duplex with $95k financed at 5% interest and a balloon payment after 4 years, are payments based on a 30-year amortization schedule (meaning my payment would be $510 each month for 4 years before the balloon)?

Even though they do good screenings, there are other ways they can turn off a good applicant, like how flexible they are to schedule showings, if they have multiple ways to accept rent payments (one of my PMs only takes money orders in his office, no exceptions; another PM won't accept move in date other than the first day of each month for easy bookkeeping from his end), or if they charge ridiculous non-refundable pet deposit and pet fees, etc. 

For example, in original loan estimate there was a lender credit of 500 plus now it becomes 200 credit and even that is used to offset much higher appraisal related charges 650+150(investment cash flow schedule)And to be clear, I made it clear this is investment property upfront, not like I want to take advantage of cheap government money by pretending this is a primary residence Anyway, this ranting was partly due to dealing with them and with insurance along the way accumulated enough negativities and it just pushed me over the edge even by smaller deal surprise at final closing statements.