Already an Odessa Self Storage, and one North. 

That’s just the reality of the market now in ATL and all of north GA right now.

The house was built in 1964 and has 3 br, 2 bath sfam det in north jersey.

For relativity on a killer deal, we paid a little north of 300k for a 12 unit bringing in 6000 a month.

there is a reason the pro's dont buy them. if I was to buy one the return would have to be north of 25 to 30%  not 15 or under you can find that or get close to that with fully insured recorded first mortgages  why take the risk..  ???  

For 450K you might have to look a little bit farther west or north of the little havana and the surrounding areas.

The 100 mile requirement is only if you're using departure residence income, but if you can qualify for both mortgages, FHA is the way to go.

@Miles Viant thanks for the shout out.  

I did not take advantage of or lie to any seller/owner as the owner was always a bank (institution) and the reason they owned it in the first place was out of greed giving a loan to someone who likely could not have afforded it under normal lending criteria today.In all cases in which I purchased from a wholesaler or was presented a deal from a wholesaler, never did I ever get an accurate rehab number (I would consider anything in the ballpark of 10% as accurate), I never got a true exit value (I was always given a pipe dream or best case scenario on the value), the comps used - 80% of the time, there were comps that were not actually comps (comparing a 1500 sf 3+2 with a 2500sf 4+3 as an example, or a comp in a completely higher end neighborhood even though it was within a 1/2 mile). 

With prices north of 1.5M, we are trying to figure out how the financing would play out if we'd like to stay in the 5-10% down range.