By multi-family, I'm referring more to duplexes, triplexes and fourplexes, as opposed to larger apartment-style properties.My understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both?

Just ask about each lenders borrower profitability standards.

You might write something that shouldn’t be in there.Most credit reporting services that you screen tenants through have a standard form letter that you can use to send out the required “adverse action notice” if you denied the applicant based on information in their consumer report.

@Aaron Montague I'll probably move into the smallest unit for 1yr to acquire a standard mortgage which should be lower than the 4%-5% we've been using.

If it is a standard, 3/4", solid material, the border is also a good idea.

I see so many investors come to OKC that are out of state and happy, and I try so hard to re-set standards when people hold back because they're scared.

I plan to graduate within 3 years, instead of the standard/recommended 4 years.

A couple highlights are to make sure you have the "non-standard rental provision" section where things like lates fees, security deposit and applicable charges, termination fees, and automatic lease renewal clauses are located.

Upgrade your electrical system so it can handle the loads of modern tenants (you will likely continue to have this issue with other tenants because a 100 amp service is considered woefully inadequate by today's standards) and let him run his compressor.

This poses a few problems: 1) we always seem to be competing with one another. 2) There is no standard of care between the buildings, both of mine have been re-roofed and re-sided, other have the 1970's wood siding rotting off. 3) We compete with rents, and it has caused some owners to say that this is their worst property.