Deal or No Deal Real Estate Calculator can help you with the calculations.

Have I done the calculation incorrectly?

I live in the Seattle area and I've been doing my own calculations on paper to see what kind of ROI would be possible.

Your current lender is your best bet.

You did save the 21k pretty quickly if I recall, so if this is attainable in your area you could just get another one pretty quickly.Have you already done each of those calculations?

Essentially since this is so highly leveraged you would have a much lower IRR that a more nomally leveraged property, and you could not calculate cash on cash at all since there is no initial cash investment.

If you don't understand how to use a financial calculator, I recommend you seek out Gary Johnston.

I have only been an agent for a few months now and my main focus is on Multi-Family properties (only agent in the office in Multi-Family). I was wondering if there is a rule of thumb when it comes to deferred maintena...

Best bet would be to get your 2 years history built up and then look at a refinance.

Question is, how should I calculate the charge for replacing the carpet?