It's now an 8.5 Cap on my total purchase price and the value has increased from $10.6M to just under $15M. 1) If you are confident that you are in the path of future infill development and can see a 3% spread over your 1st mortgage rate, then it sounds like a no brainer. 2) If you are confident that you can fill the suites at market rents then vacant suites are actually a bonus, IMHO.

Even with info from a pay site you may need to develop you own detective abilities.

I pay $45 per mo. for property radar and $28 per month for Rebo gateway by benuteach I found both as a referral from my title rep at first American title, our success is 95%.To speak more to what I'm doneing, we are developing a "FARM" I do the same type of drive for dollars type of thing only I want people to be living in the home.   

The Ohio Vacant Facilities Fund, administered by the Ohio Development Services Agency, offers Ohio businesses $500 for each new, full-time employee employed at the facility for at least one year.

If you have one thermostat in a one bedroom unit and you have 2 or 3 in another unit, this is where you are going to have to develop an algorithm to solve the cost each tenant owes.  

I recommend you look into these others as well:0% Down:NACA (https://www.naca.com)VA Loan (http://benefits.va.gov/HOMELOANS/index.asp)Rural Development Loans (Renovations MAY be included)(http://www.rurdev.usda.gov/HSF-About_Guaranteed_Loans.html)3.5% DownFHA (http://portal.hud.gov/hudportal/HUD/topics/buying_a_home)3.5% AND RenovationsFHA 203k loan (http://portal.hud.gov/hudportal/HUD/program_offices/housing/sfh/203k)Not as cheap, but come with renovation options attached to the loan:15% DownHomepath Investment (SFH only)25% DownHomepath, and pretty much any bank, Investment (2-4 Unit Buildings)Auxiliary:http://203kcontractors.com/You can have 2 VA loans at a time according to another BP member

I think you have to be apart of the community to fully understand it and develop your strategy from there.

The current Rental/Lease Application process and fee is a recent development, it wasn't always a requirement.

Analyze the local safety, political, and economic circumstances and get a feel of long term general (urban, industrial, infrastructural) development.

Develope a good relationship that benefits both you and the agent and you will find an agent you can trust.