Pocketeers, Looking at an 18 unit deal, 2016 had a noi of $72k and 2017 noi of $49k, due to lower gross rents and a bunch of needed cap ex on 3 of the units. How does one derive valuation with such different noi's?Wha...

@Erik Bremer Like you mentioned in your post, you can probably negotiate a reduction in price to not have to deal with a realtor. 

There is no magic pill, especially in this market.  

You can get a price reduction b/c of the roof, and if you buy in a city/county w/ PACE financing, you've got the roof financed with $0 out of pocket.

The ownership and increased occupancy would give you principal reduction, future cash flow(maybe) , equity buildup and additional tax benefits for 2nd, 3rd and all years thereafter.

There is so much to learn in real estate that it's easy for a new person to become lost in information overload.Second, courses provide (hopefully) a step by step framework, and reference material that has value when you get stuck.Third, we all want the magic pill.

The general area has an average increase about 4.8-5% with 2 br seen a reduction of -5.3%.

Just document what you're doing, make sure the loan proceeds go into the LLC's bank account, and then record each payment as a reduction in your capital account.

Add ~$500/month in expenses (low-end), for a total of $6000/year in expenses per property = $90K taxable income reduction across 15 properties.Let's say each home has an 80k mortgage with interest of 4.5%.

If you're in the 28% tax bracket, for example, then every dollar you spend on interest gets you a 28 cent reduction in your taxes.