Hi Paul, Dont forget to Research the current real estate market conditions in Suffolk County, including trends in property values, rental rates, vacancy rates, and demand for multifamily housing.

Last time I approached lenders I was approved for a loan with an interest rate of 9.5%, but that was when I was trying to purchase through an LLC so it was a commercial loan.

Then refied again as interest rates dropped, pulled out $150K to buy two tri-plexes, each cash flow about $800/m, but needed lots of work, which I did.

Bookkeepers who serve REIs have to have a good amount of U.S. tax code knowledge or at least have to know where to find the info.You're not going to get this for $4/hr.I think outsourcing other activities to other countries to take advantage of exchange rates can be effective but do yourself a favor and don't do this with your bookkeeping/accounting/tax advisory/tax filing/etc (anything financial).Just like Kristen Ambrose, we see really screwed-up bookkeeping records from these types of situations all the time.

The rebound came suddenly amid still very high interest rate environment.

I would do 5% (ish) increases year over year until I got to the desired rate. 

What is the vacancy rate?

Despite higher interest rates for the mortgage (7.625%) and the HELOC (9.5%), we are still positive cash flow.

REITS that have lots of floating rate debt may be at risk of severe defaults in the near future. 

And, I average 107% market rate on rents.