Everyone,  let me make the reason for this post clear.A LOT of you all are getting fooled into believing that  to become successful you need to lie to sellers, , low-ball sellers, cold call people, DMM, people, and spend a fortune and a ton of effort into intrusive marketing, marketing to people that never asked and/or are completely not interested in your services.EVERYONE, and I do mean EVERYONE, pay close attentionThose who know me know I have a very loud voice advocating against those practices.

Sister's rent amount, term (date of refinance), mortgage payment responsibility, insurance responsibility, utilities responsibility, tenant selection responsibility (since this will be a multifamily property), property management responsibilities including repairs, maintenance...2.

I kept the rent low because they were great tenants and the house wasn't in good shape. 

It feels like one requires the other...refi requires good credit...good credit requires the refi...Does someone have some insights as to how to do a home equity line of credit based on an appraisal and with a low credit score?  

THEN I assign a confidence level for each line that I used to create a low estimate and high estimate.

I am definitely being ultra-conservative when it comes to repair and maintenance costs but still the 2-unit multifamilies do not seem to have a good cash flow. 

I personally would not buy in low income areas out of state.

Now 10 months later the building has doubled in value with proper maintenance and management.

I worked with a PM in a different college town in Indiana that would charge 12-15% on rent, but they didn't mark up maintenance, would often visit the property to help diagnose repairs before sending out a vendor to avoid trip fees, used local handymen that were cheaper, and only charged that percentage on late fees as well.

After speaking with him I am a bit discouraged along with not being able to find a private investor, since hard money won't loan to this low of a purchase price and traditional is a no go.