Makes total sense...

Totally missed that aspect of the description, but greatly appreciate your response. 

Total property income MINUS yearly expenses Equals either positive or negative cash flow.

Your best bet is to sit down with a loan officer and discuss your plans  - they will be able to tell  exactly what you can and cannot do  - you may also want to consider getting prequalified so you know how much you can buy and what your payments would be - this is especially useful in running your numbers to see if a property will cash flow or not.

Bet you a Coke they can't.Treat this property as if you were buying it off the MLS because that is exactly what you would be doing.  

It totally depends on the investor.

The shift likely won't be as drastic, but there will be a shift.Nobody really knows how the market is going to react to school starting this year - buyer and seller behavior has been a little bit different than in previous years so we might see something totally unique this year.

@Shawn M.That makes total sense.

A hard money lender gave me this quote and Im trying to figure if its a good deal also, its on a 2 fam building in upstate Ny, if anyone can give advice please respond to me publically so other people can lean as i am. thank you. im going to try to post this on other threads because its time sensitive Loan Amount: Total loan amount of $63,750 or 65% of After Repair Value, whichever is less (Subject to appraisal, inspection, applicant interview and additional underwriting.

I am in total agreement on the experience comment.