I tried the below websites, but they dont have the data points I am looking for, pulling data is manual, and the data is not sliced by year (cant look back into history)https://worldpopulationreview.com/us-cities/denver-co-populationhttps://censusreporter.org/profiles/16000US0820000-denver-co/https://www.census.gov/quickfacts/denvercountycoloradohttps://datausa.io/profile/geo/denver-co/#aboutIdeal marketplace data points are grouped into three categories: people, jobs, housingPeople: City, year, population, forecasted population growth, median ageJobs: job count, job diversity, forecasted job growth, median income, poverty %, crime rateHousing: housing units, median house price, median gross rent, number of building permits

Especially for AZ.3) Class C tenants - can abuse equipment/appliances; definitely look at secondary markets for replacements.4) Drywall, HVAC, and a General “handyman” is essential to the team5) Numbers driven, know you market and definitely be conservative in reserves for repairs, I would definitely stick to 10% of gross rent roll6) It is extremely lucrative in passive cashflow if you get things dialed in.

Hello Tim,Basically what lenders do is they will take the GROSS amount of income - in her case 401k and social security - and give roughly 30% of that monthly income into a mortgage.

I think Capex, repairs and vacancy are going to eat up all your profits on this one unfortunately, as there is just not enough gross rent here to keep up with the expenses involved with maintaining a property.

Gross potential gross income is $4,200 ($700)The cool thing about this purchase is it comes with 2 parcels. 1 parcel is 15k sqft and has the 6 unit apartment on it and the other parcel is 42k sqft of vacant land (possible potential to build additional units)

If your 5-plex is going to actually cash flow at $3700 a month that would probably be one of the best deals in recent years.If that is your gross income for the property (as I am guessing that it is), it is probably not the greatest deal.  

The loan originator reviewed my 2019 taxes, and said that despite my excellent credit score and gross income, I would not be able to get any loan because of the low taxable income for 2019. 

Based on this gross rule, I’d expect cash flow of $1820 (monthly rents) - $910 (expense estimate) - payment ($522) to give an estimated cash flow of $388/month.

-for W2 employees the bank basically takes their gross monthly income, they cut it in half and then half the monthly income has to cover the monthly bills on the credit report, and the new payment.So getting approved for a mortgage is all about fitting a payment into your budget and then that payment will translate to a loan amountThis is in just simple terms, For self employed people the bank goes off the net on your tax returns (averages it over 2 years) and then find the average monthly net income and then that is the income used to qualifyBut because of covid, the bank for self employed people are requiring a year to date P&L, then they will use the income made this year to determine what you can use to qualify with. 

We use Ground Floor PM; their going rate is 5% on gross rents.