I just picked up another duplex, that will have about a 20% net cap based on cash purchase, all from FL Good luck 

We're based in Tampa and do a lot in that area.

His annual compliance report is clean he says.Owner had his Coam taken away and is the single owner running the show, an hour away from his home base. 

But it's based on my experience, not just some random bias. 

This step is about generating income from your investment.Refinance: Once the new properties are stabilized (occupied by tenants and generating income), look into refinancing them based on their new, improved value.

I too am a mortgage agent based out of Hamilton Ontario, feel free to connect to chat anytime.

If money is an issue for getting more properties, then find partners, or the seller finance thing, or start a pool for the down payment and go thru asset based lenders (that's my next play)...Having said that, as of Dec 1, I'll be managing my own STR since I'm firing my property manager.

They wouldn't have done an appraisal, it would have been just negotiated based upon where the buyer thought they could make money.

Having in count that I am planning to buy a commercial multifamily apartments, that the debt is base on the property and not on me, right?

Consider your options, weigh the good and bad, and make a move based on your own situation.