We do plan to raise rents once we make some improvements.

I have been playing around with the numbers and I've found that using an FHA loan (which I am confident I qualify for) I can get a 4 Plex and have a really solid cash flow.

He taught me well.So I was just wondering if there was something else I needed to know that I hadn’t come across yet that would give me some additional confidence.

this is definitely something I will work on and improve for my next approach.

If you love your job, spend the time you would have as an agent improving yourself there instead and you can roll this world.

A 20% decline is good for this market, and improve affordability slightly.Next spring, who knows.

You get out from under the property, at a profit, they get a property that they can put sweat equity in, and still get a bargain that they can continue to improve even after. 

You have to get up that kind of confidence.

I'm fairly confident based on this sample that I'm not overpaying on PM, and I'm probably paying below market tbh (keep in mind I'm counting leasing/renewal fees in addition to the monthly percentage in the number I quoted you.

Your improvement could very well fuel other interest and raw land is generally cheap and easy to hold if not in a highly taxed municipality.