I am working on posting an add on Craig's list, as well as possibly pulling records of cash buyers from the courthouse.  

I would ask a broker to pull comps going back 24 months and up to 3 miles on radius along with 24 months sales history in same zip code for similar buildings.

Second, I would lose the power to the receptacles, even temporarily, even if I had to pull the breaker or have an electrician disconnect the feed.

You could pull premium rents or use it as a short term vacation rental on the lake.

Lenders use over 10 different version of fico so the pull at BOA could be different than Wells Fargo.Also ask yourself does it effect you mentally to walk around with 500 fico ( won't really drop that much) but to me I don't care what my score is.

However, being younger you might get a lot of people that do not think you have the knowledge or the experience to pull off such a deal.

I'm an agent in Boston in a similar position as you,  looking to pull the trigger on a multifamily.One other option you may also want to look into as far as financing  is concerned is the Mass Housing loan.Good luck and I look forward to seeing you around! 

Already it takes an amazing amount of time off my regular work to plan, research and manage, but it's worked well so far and I've come to believe we can pull it off :-)

@Kevin Trumbull just so I understand.. you include the reserve in the denominator when analyzing a deal but you don't include the capital expenses that will pull from the reserve in that initial analysis?

New roof, windows, water heater, and complete interior rehab.I can rent it for $1300/month and will refinance pulling all of my cash out for a 30 yr fixed PITI payment of around $650.My questions is do these numbers make sense for a long term buy and hold or should I flip this with a sale price of around $155-160?