Numbers = $280k purchase, 25% down (required for MF investment properties), total mortgage all-in with Taxes = $1,500/month.

Question: If FHA is 3.5% down, upfront MIP is 1.75% for a total of 5.25%, why would anyone ever take this over a conventional 5%?

Very little, we own 45 total houses that we rent, 2 4-plexes, a 3, 5, and 6 mobile home park, and the rest single family. 

My partner and I are looking at one in Houston with the expenses and deductions totaling ~45% of the gross potential rent of the property:That includes 10% for vacancy allowance15% for planned and unplanned maintenance (lawn, CAM, repair allowance)7% for property management12% for Taxes and InsurancePosted deals often excluded expenses, so I want to ask the BP community for wisdom.Questions: To the experienced eye out there, how does those expense %’s look?

I have a small balance on my original home loan, so that brings me to the cap of 10 total loans allowed by Fannie/Freddie.  

- TOTAL OPERATING EXPENSES: $522K, NOI: $445K, Debt Service: $240K, CASH FLOW: $200/door/month.So...this is based on potential rents which means I will have a year or two of transition and potential CAPEX expenses.  

With a quad-plex you'd only need to pay once to an attorney, replace one roof, and/or have one closing (less closing fees in total!).

So total ALL your monthly cost and pro-rated costs.Divide by the number of months you think they will stay.

We aren't looking to buy a total dump, just a home that needs to be updated and fixed up.

The trust beneficiaries might be totally different than heirs in a Will...Either the investor is an attempted skimmer but is inept which is good I guess, or the owner got wise to what the heirs were doing (and the investor is the victim) so the best way to protect the property was put into in a trust.