In my market, condo investing is more of a long-term appreciation play since most deals do not cashflow without a substantial down payment.All the best!

Fun fact about me is I played college basketball at a Division II school in St.

@Ben Nelson mentioned the sage wisdom of correctly setting team members, that is a whole lot harder today because things are at such a level with so many factors at play and fact is the vast majority simply do not have the resource pool to have a truly well equipped internal team or knowledge base, it is a very small number of us who do. 

I just think in areas that are not speculative plays like New York City, this may be a better approach. 

I'm obviously an amateur (especially compared to Brandon) so I'm probably wrong... but simple plug and play with numbers suggests it's a typo.

I’m aware now that the ARV is going to be based off my markets cap rate and NOI but since there is no track record of previous income as an 8-plex how would that play an effect on the ARV or acquiring a commercial cash out refinance loan?

I can hear the bongos playing right now.

You can look under the sink at your own house and play with the Ptrap.

The next steps we took:Found a couple of groups to network with (local and out of State)Found a group to play Kiyosaki's cash flow- learned through the game & created some relationshipsFound a few lenders (Hard Money,Private and Banking) I only used the bank for my first multifamily that I lived in.

- Are there any “tricks” they can play to raise payments indirectly, for example: Is the escrow mandatory for the life of the loan, and if yes, can they somehow manipulate that to increase the payments they can benefit from?