Hey James... i just posted my first blog about doing a deal precisely like this... check it out... it will definitely give you some insight...

Hello, I'm about to move to Spain, more precisely in Alicante.

i am looking at pair of quad plex units on the same property.they are asking $330,000 for the pairthe first chart is off the sellers numbers                                       MonthlyAnnualIncome:$4,500.00$54,000.00Vacancy (10%):$450.00$5,400.00Management Fee (9%):$405.00$4,860.00Property Tax:$483.33$5,800.00Total Insurance:$208.33$2,500.00Maintenance Cost:$1,666.67$20,000.00Other Cost:$375.00$4,500.00Cash Flow:$911.67$10,940.00Net Operating Income (NOI):$952.17$11,426.00 i adjusted the number and added mortgage payment                                     MonthlyAnnualIncome:$4,500.00$54,000.00Mortgage Pay:$1,409.16$16,909.88Vacancy (10%):$450.00$5,400.00Management Fee (10%):$450.00$5,400.00Property Tax:$483.33$5,800.00Total Insurance:$208.33$2,500.00Maintenance Cost:$1,250.00$15,000.00Other Cost:$416.67$5,000.00Cash Flow:$-167.49$-2,009.88Net Operating Income (NOI):$1,286.67$15,440.00 i over figured vacancy to cover one unit empty per month.other cash flow covers trash and waterthere are a total of 9 units. i know i am problem not giving you enough infothis would be my first investment property and i am a little gun shy of the deal

Account Closed, Credit is important but I would rather have no score with proof applicant meets other financial obligations (current on utilities, cell phone bill, etc.) then an applicant who has a 720 score but is maxed out on all their credit cards and installment loans and whose debt to income ratio is off the charts.

If the terms do not address this precise issue, the Trustee might be consulted about releasing the auction purchaser (and refunding the deposit) given the pending litigation.

Hi all, I'm just looking for a bit of insight and more of a  precise breakdown of the refinancing section of the BRRRR method. 

As the owner of 87.5% of the units in that building, you should have a big say in how things are run in that building.Without knowing my numbers, my intuition is that it would probably make sense to acquire the last unit if posisble.However to know for sure, I would  run a comparison analysis between keeping the units separately or pricing the building as a one multifamily.I would use the statements from the HOA to know precisely what my expenses would be.

We had a tentative deal on a 24-30 unit apartment {I forget precisely how many off the top of my head) a few years ago when the Phase 1 discovered abandoned USTs on the property.  

I am simply a deal maker who understands precisely his role, real estate matchmaker.

The chart levels were in reference to someone with CIRS condition.