Six months later I sat out on my journey to obtain financing once again, but way more prepared with spreadsheets, rent comps, the physical evaluation and notes for the property etc.

However, I think with the third kitchen and proximity to the community college it could pull in more if rented by the room.Financing Estimates:Method: DSCR20% ($27,000) down payment, loan amount of $108,000 @ 8.318% APR ($802 per month).

Hi I am planning to buy a Multi family property in Bayonne ,NJ its close proximity to downtown Manhattan and NYC in general looks like a lucrative investment for first time buyers like myself, even though the property taxes are higher than NCY areas it's access to light-rail system which goes to path train can bring renters to live around here . 

Rules of thumb is more effective on mathematics or physics/engineering stuff, where you actually point your thumb on a given direction to have a feeling for your answer...

Any update on this physical and/or virtual meetup?

I ended up paying a process server $125 to go over there and warn them that the sheriff would be physically removing them if they were still there when we came back.

I don't base a market on it's location in proximity to me. 

While I still have both of my parents, I can definitely see minor physical limitations starting to set in and my dad is not retired yet (6 more months... so he says :P)! 

Hi @Huiping Sheng,The proximity of a SDIRA company to your location may give you some peace of mind but it doesn't mean there fee schedule, customer service, education, etc. is better than an out of state SDIRA company could do for you. 

Your asset is basically non-depreciable, thus it keeps its physical value.C.