In real estate price and risk have an inverse relationship: the lower the price, the higher the risk.

One last tip I've heard from flippers is to try to find an experienced flipper/investor that is willing to partner up with you on the deal and use their experience to get the hard money so you can get a lower interest rate so that doesn't eat more into your margin.

I’m running a business but want to be reasonable should it actually be a legitimate major storm that closes roads and businesses.

This house is where i learn about a DSCR loan and i just got the appraisal back at 173k and i close next week. ill pull 75%LTV and make around 129k. 

He's very close to you, in Crown Point.

I'm originally from Maryland (close to DC) and currently live here but willing to move to be local to Norfolk/Hampton Roads if necessary.

But 1500 per month isn't that expensive if it helps you motivate, analyze, close and properly operate a self storage business it was just an investment in your growth towards your goals.

Close the Deal: Finalize the transaction with all legal documents signed and recorded.5.

interest buydown, home warranty, closing cost assistance and seller realtor can offer bonus incentive to realtor that brings buyer . another option is to rent and refinance it 

The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.