You can close the deal and then cash out refinance to a much lower interest rate.  

I eat it on sales above $200k or so, and on lower priced deals I tell them it's part of my services, period.

Stuart only has a few area's that have a decent cap rate like "golden gate" which is a lower income neighborhood.To the op's question, affordable housing will never go out of style.

Where can I get a POF right now from a transactional funder and what will it cost, if it does cost?

Statistically DM response is 3% average depending on the list you use that can be higher or lower.

It's a pretty safe location for rental income, lower crime and a fair amount of appreciation, however you are probably going to pay a fair amount in property taxes, purchase price, etc.

It would be a much steeper investment curve with lower returns starting with one truck.

I've had a scenario where a property was purchased by two separate entities 50-50 in separate 1031 transactions and two separate dates yielding disproportionate halves from the depreciable basis standpoint.

I believe if I do a cash out refi I could get a slightly lower rate and pull out 65k.

. $300k (that I am not 100% sure about, it may be lower), but as a multi, the ARV could be approx. $350k- $375k (I am extremely confident on that, and could be higher) Overall, with that, the numbers will work.