The bulk of our borrowers do not qualify for conventional for a variety of reasons like less than 2 year's self employed, debt to income ratio and credit issues that have driven their score too low to qualify.Stephanie

Both I'm in under 20k.Thanks again for the useful data.

So in the end, it’s 3 entities, but at least this way they’re totally separated (instead of having one own the other), which makes me feel like we’re more protected.Plus, my RE partner and I work as consultants for our day job anyway (software/data and business), so if we decided to venture out and do independent consulting, we’d already have our consulting firms created.I wanted to reach out to the brains of BP, whether you’re an attorney, accountant/CPA, or experienced investor, to see what you think of this setup and if you can poke holes in it.

I know that every successful investor utilizes spreadsheets to record data, but without concrete examples I am completely at a loss.

If you buy with the intent of renting it out in the future the purchase price needs to be driven by it's potential rental income not the amount home owners are willing to pay for a SFH.

I am an investor and do not sink all of my cash into an over-priced, emotionally-driven 'investment.'  

Cleveland is a city of renters, with 15,000 section 8 issued vouchers and only 14,000 currently filled in rental homes (data from CMHA) I personally have focused my portfolio on homes that can cash flow with Sec 8 tenants.   

I am in a very unusual situation.Every other source (appraisal, assessor, all 5 previous MLS listings, online data,...) shows it being built in 1985. 

Comps are always market driven and thus in a downturn become adverse to appreciation.An MFU is not exposed in that way as the value is driven by NOI. 

I get INF%....and, I think I am doing something wrong with my DATA entry.