Those that say go find a property and then a buyer, simply lack business experience, it doesn't matter what you sell, houses, cars, boats, T-shirts or political buttons, you must know your market, what the demand is, what that target market wants before you can consistently move that product.My suggestion is 1. get away from gurus and learn conventional, basic RE. 2.

They are basically mutts that have those unique features of muscular body and boxy head.

I'm looking for my first property to be a 2-4 family preferable in Northern Kentucky or some parts of Cincinnati's east side.I can give more info but basically now that I'm approved I need to get as much help as possible evaluating properties.

I use a VA for some basic online stuff and 'internal research'.

Basically in these 3 or 4 zip codes you find mostly similar houses that only really differ in size (i.e. all have similarly sized lots, most are SFR's etc.).

That's assuming you, as owner, are paying heat which is pretty typical here in this neck of the woods.You should calculate your actual cap rate based on actual expenses and using a realistic income figure for your owner occupied unit.I'm not a loan specialist but I would think any attempt to refi or strip assets based on the full potential of the buildings earnings would require you to have the unit rented.

This basically is the tenants agreeing that the terms that you understand based on what the seller is saying, are the same as what the tenants understand as well.

Here are my expenses for year 1: Mortgage Rate 5.00% Length of Mortgage in years 30 Monthly Mortgage payment $3,105.78 Taxes $416.67 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $200.00 Insurance $266.67 Mgmt Fee $- Vacancy $207.00 Total Expenses $4,196.11 Years 2+: Mortgage Rate 5.00% Length of Mortgage in years 30 Monthly Mortgage payment $3,105.78 Taxes $416.67 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $200.00 Insurance $266.67 Mgmt Fee $600.00 Vacancy $360.00 Total Expenses $4,949.11

They apparently were going without heat for a time there ...

I did some research and found out that I should do a heat map too establish which zip codes in my area have the highest amount of cash transactions.