But, a more accurate name would be “Historic Central Everett.”The view neighborhoods to the south along the bluff down to Mukilteo and behind are equally nice, well-maintained and relatively pricey.

Shouldn't the NOI and Expenses equal the Gross Income?  

This position will be a vital part of our team, so we need the right person who will take ownership of this role and grow with us.

Once you get pre-approved it is easier for the lender to give you an idea of what kind of terms they can offer.Real estate is a relationship based business and having a good hard money lender on your team can add value to your business by..Having an advanced knowledge of the markets they lend inConnecting you with other business professionalsHelping you close deals under time sensitive scenariosOffering free resources that can help give you an edgeWith that being said not all HML's are created equal.

@Damien Shoemake @Devan Mcclish I'm about 5 years late to this thread, but I've got a meeting with a seller for a property in Madison that's OR20 on .14 acres (which is technically 2.8 units, so I'm not sure if that equals 3 or 2).

My NOI is pretty much equal to the debt service coverage but feel that my compensation I will be receiving in terms of the property mgmt fee I have built in, I should ok. 

A good lease has the tenant responsible for $X amount of money, broken up into equal payments.

Price to rent ratio  $1,000 of rent in CA equals $125,000 of market value  (.8%)Price to rent ratio  $1,000 of rent in Podunk equals $50,000 of market value. (2%)CA appreciates 9% Market value $136,250 Rents increase to $1,090.Podunk does not appreciate (That's why you can buy it at $50,000) so no capital gain no rent increase. 

Having someone you trust in town to give you that kind of advice is an incredible asset, and equally important is hiring the right management company who is experienced with the lower end rental market in town.  

Example: A 300K SFR does not Equal a 300K Multifamily in the sense that each unit is an income producing unit.