This is to help me understand multifamily analysis Here's what I am looking at:Purchase Price: $240,000Loan Amount: $228,000 (5% down payment) - Owner Occupied for a year Taxes: $3,300Insurance: $1,800 (being conservative here because I am unsure) Monthly Payment - $1,646 (per lender using above numbers) All 4 units - $700/month Gross Income: $33,600 Owner pays gas, garbage, electric (common area) and water/sewage totaling: $4,300/ year or $360/ month- this is taken from billing statements from the seller and rounded to be conservative.

So i was working my numbers on worst case scenario: 32,500+25K=57,500 and i rounded that to 60K in case that 2k need to be spent somewheres so 80K ARV banks loan 80% so we end up with 0 dollars invested and have a cash flowing building.

I feel like I have most of that work well in hand and took my time on the last round better vet my contractors. 

Then you could try to work back from there how much someone would pay to live there and that would give you a round about value.

Love the idea of being able to grow food there year round and escaping my current cold climate.

Here's the top line numbers (rounded a bit): Current Valuation: approx. 495k (little hard to determine in rural markets)Offer: 400kCurrent Monthly Income: $7250NOI: $3200PITI: $3625 (assuming 5% on a 15 year)Monthly Cash Flow: $650Vacancy assumptions based on 2018 rent rolls: 10%Allowing 15% for Repairs, Maintenance, Cap Ex.

@Rob ChamberlainThat 70 comes from a rounding of this math:12 months x (expense ratio of park owned home park 40%) 0.6 / 0.1 (10% cap rate)  this comes to 72 so to make it easier to remember use 70.But 40% expense ratio is rather low for park owned homes.  

The CPFB has an education department for public education, perhaps they should consider rounding up some regulatory policy to get these menaces to the public off the streets!

Areas to invest would be the Northern belt of Austin, Leander has good value right now, Pflugerville and Round Rock have stayed constant in valuation. 

I have a 116k construction loan that will have to be paid off and I have 27k in cash invested and (creative financing) for the reno so I’m calling it 150 for round number. basically with a cash out refi I come out with a rental and no extra cash to spend on something else.