@David Cruice, looking at some multi family units in New Mexico, do you have a few tips to pass on to a new investor Possibly some Unknown’s that may come up or what are the most critical things to look for, what % does the city ratings/crime statistics have with determining the value of the investment?

However isn't the additional $16,920 I paid can be counted as expense when I purchase the property?

Additionally, because we bought in a popular owner-occupied area, we've seen the property's value appreciate over %9 in the past 3 years.Food for thought.

Based on this report, I have asked the seller for an additional $10K at closing to make up for some of the costs I'll be incurring from the start.

You can probably add it to your existing cell phone plan for $40/mo or so.

Hopefully you'll find that additionally helpful!

At the price point of our properties, it ends up being a little over the 6 months of mortgage payments per property that the commercial lenders in my area like to see prior to lending on additional properties. 

Imagine being an auction company and offering damages to buyers when a seller can't close because they didn't calculate properly or foresee additional lien payoffs.

Additional costs for snow and heat could add up as well. 

Just Google your 'company name review'.These days, I believe the quality of your online reputation is critical to your business.