Hello, My parents have a primary residence purchased for $45k.

Managing 150+ units for a few years has given me the reps needed to feel confident purchasing large assets. 

Next, $100k might fund a second position rehab loan to a local flipper but it won’t go very far toward a first position purchase money loan.

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The cost of purchasing the house, rehabbing the house, and extra reservea and carrying costs during that time.Take a nicer part of Baltimore, I'd probably want $350-400k liquid.

And I am not sure if that's because luxury property rentals just don't have the same ADR here in comparison to other markets - in a lot of other markets even as far as West Virginia in harpers ferry you can easily charge $800+ in those markets, whereas inWe haven't purchased the area in Airdna or Pricelabs as we are just looking at the data at a high level right now before we commit to that one area since we are looking at a couple of other properties too.

We had a recent FHA quote with 3.5% down in the high 5%’s..What do you expect from the purchase and refinance markets if rates drop by 1%?

He is an advocate of subject-to financing to purchase properties. 

PURCHASE PRICE AND MORTGAGE: I purchased the property for $270,000 put 25% down, and it appraised for $290,000.There is a complete identical property to mine directly behind my unit and it sold about a month ago for $280,000 the same day it was listed.

Often just the basics (Internal Cap Rate, DSCR, CoC, CF Rates), and disposition metrics (equity multiple, total return, annualized return, & GRM) are enough to determine a good deal.Just curious, what kind of internal cap rates are you estimating for these 4-unit properties once fully built & stabilized?