What do they see them selling for per unit, what is the market occupancy rate.

Are there Certificates of Occupancy on file for all of the POH?

There may be a spot in the market you will be able to fill thus making your occupancy higher. 

@Patrick LoshekFNMA allows transfer of deed to LLC if mortgage originated after June 1, 2016 and original borrower owns a majority interest in the LLC and any 12 months of owner-occupancy is first met. https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Part-D-Providing-Solutions-to-a-Borrower/Subpart-D1-Assisting-the-Borrower-with-Property-Related/Chapter-D1-4-Transfers-of-Ownership/Section-D1-4-1-Information-Relating-to-Transfers-of-Owner/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer/1041300841/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer-09-09-2020.htm

The numbers you've provided, such as annual revenue, occupancy rate, and cap rate, definitely look promising.

Rent out 3 and live in one.Better breakeven occupancy paying the mortgage.

If you are going to rent it out, NOO, Dodd Frank does not apply.If you are living in it as an Owner Occupant, OO, I would get a RMLO involved. 

What has your occupancy rate been so far, Gary?  

Since the property is currently vacant, all those numbers are currently 0.After rehab and occupancy, assuming the numbers he listed were accurate and assuming the 50% rule, the NOI would be about $54,000, the cap rate would be about 12%, and the ROI numbers would be dependent on specific financing terms.I don't know where this building is, but assuming a local cap rate of 10%, the ARV would be somewhere in the $500-600K range, so a purchase price of $250K with $150K repairs isn't a huge discount, and probably not enough that he'd be able to easily wholesale the property.That said, market conditions in the specific location would contribute; if apartments are selling for a premium in that area, it might be a good deal...

So you'll find a house that sells retail to an owner occupant for $50K next door to an REO that was sold in bulk for $7K, so the comps are not a good measure of value.The ones selling cheap need lots of rehab and the ones selling retail are in very good shape, so this is a city in major transition.