Your escrow will be returned to you (assuming no unusual factors) if your financing falls through or if you exercise your right to cancel the contract "for any reason" based on your home inspection. 

Best you can do is 1% over residential.. but good luck getting that. 6% becoming the norm again. 20 years with 5 arms are standard, and 35% down is norm, little less or more depending factors.

GRM is just one of them, which doesn't take many other factors into account (such as expenses, property class).

You can also factor upsides like splitting meters, charging tennants for utilities, carports, storage or garages.

Hi Tony,The type of financing i.e. rates terms and fees will depend on a few things in reference to the property and sponsor.Some qualifying factors are:The vacancy rate.

Are you factoring your time costs into that as well?

If you're doing it manually, then that assembly and handling expense needs to be factored in as well.

My goal is to make my first investment, ideally in a 3/4-plex in the Hudson County area, although I am also open to a Duplex as well if the deal is right, and I'm looking to be able to connect with like minded individuals in the following areas:- Agent - someone who wouldn't mind working with a new investor, and has experience/knowledge working in the Hudson County area (which is where I currently reside - I'm in West New York to be specific)- Bank - I would love to be able to work with a community bank/credit union, as I prefer to be able to give back to the small businesses within the community rather than fill the pockets of the big banks.  

In the Harrisburg area would be ideal but anywhere will do as long as they can close on properties in Erie County. 

Ideally I'm targeting B to C duplexes/triplexes with minimal to light rehab (since this will be a first for me).