Job was able to be verified.

My work has increased the assessed value of the land to 8.4k per unit compared to the initial purchase appraisal of 3k per unit.

$3665 - $2966 = $699/month ($174/door) x 12 months = $8388/yr $8388/$56000 down payment = 15% cash-on-cash return. pretty good. 1 thing you don't mention is how much initial rehab is involved?

Do they have references that are verifiable?

So, do your initial research, run the numbers, watch for points and then choose your top three and give them a call.

As to the owner of the loan, you usually can't figure that out til after initiating the short sale unles it's FNMA/Freddie (ie.

If surveys are used in your area, that could be a $300-$1000 + expense to verify that the property lines are correct & that the buildings are actually on the property, and title phrase is *really* concerning, because you're effectively required to verify title - which could be an additional expense - with no guarantee the deal will close.

So, only home buyers who intend on actually living in the home are initially eligible for a property.

I don't really need anything, because if the initial numbers check out, I'm going to have someone from my team go take a look at the property.

I think more of what you are asking is how the occupancy level and accuracy will affect what kind of loan you can get and how much you will put down and how much the debt service will be.A regular lender at 90% occupied maybe 6.5% fixed at 75% ltv.If you get into value add deals you will pay points and a much higher rate to fund and lower LTV.You will then need to refi after stabilizing about 1 year out.So you build the carrying costs into the amount of time needed.The books will determine the verified income and actual costs.From there you run your desired cap going in and that tells you around the price you want to pay.Now if the books are out of normal standard margins you have to ask yourself why that is (deferred maintenance,undisclosed credits to tenants,disguising fees paid to themselves in other line items,etc.)