:I was reading through this thread hoping to find that you purchased in the end.

The tenants have been here 9 years prior to me purchasing, so who knows how long its been going on. 

Comparatively to the markets in California and NYC, it is much harder to cash flow with how inflated the purchase price is of most properties in these markets vs properties in Philly. 

Hi Arvin, On a 1-4 unit property, many lenders will allow up to 85% financing for an investment property purchase. 

Hi William, What price point are you targeting for this purchase. 

But Yardi won't teach individuals how to use the software unless they work for a company that purchased Yardi.

(Their $500k sale could be 90% of a $550k purchase or 1% of a $50M purchase.)As far as qualifying for a loan.

For $150,000, this could be $3,000 to $7,500.Investing in a Rental Property: Costs and ExpensesDown Payment and Closing Costs:Down Payment: Assuming you buy a $300,000 rental property, you need a 20% down payment ($60,000).Closing Costs: Typically 2% to 5% of the purchase price.

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes".

I recently purchased a 2500 sq ft lot on level ground, situated between two existing houses.