Debt service would be at about $9,886.Based on the expenses provided it would be a great deal but having the conservative approach, being that its a small multi lets assume 40% for expenses.Income- $22,620Expenses- $9,048NOI= $13572Debt Service- $9886CashFlow= $3686/ year, $307.17/ month, $102.39/ unitAny feedback will be helpful.Best Regards,Rico

Debt service would be at about $9,886.Based on the expenses provided it would be a great deal but having the conservative approach, being that its a small multi lets assume 40% for expenses.Income- $22,620Expenses- $9,048NOI= $13572Debt Service- $9886CashFlow= $3686/ year, $307.17/ month, $102.39/ unitAny feedback will be helpful!

Hi Tanya, check out Klasic Property Services. 

Be very careful of service animals and fair housing law, the fines are harsh.

I would say its tougher these days to find easy flips in the multifamily space, but if you are looking to buy/hold for rental income you can cash flow about $1000/mo (after debt service) on a $500,000 building (4-6 flat) in several areas.  

@Michael Muro Typically there are two types of coaches/mentors out there.1) will charge $5k - $50k for their services and will help show you the ropes, maybe provide you with some "proprietary" spreadsheets or software, and give you encouragement along the way.

May want to chat with your bank about it.As far as the rental home, your accountant would have assigned it a value when you put it in service as a rental.

I have a property of about 3 acres that runs along side a train track(10ft away).

This is really how the fashionable 1% lived in Pittsburgh's glory years, above both the world most technologically advanced steelmill down by the river and fifteen streets of squalid tenements for the workers marching up Homestead's hill from the train tracks.The trim of this duplex is all quartersawn shellacked white oak, plain foursquare work, obviously all shaped on-site by a master trim carpenter and his apprentices.

You're never going to get anywhere trying to make a legal argument to a mortgage underwriter, since they typically have zero legal training and will just give something the thumbs down if in doubt.