Purchase Price: $710,000 +/-Units: 12 (All 850 SF 2 bed / 1 Bath units)Current Monthly Rent: $9,300/mo (There seems to be room to push this to at least $9,700)Annual Rent: $111,600 + other income $905Vacancy: 5% (Property is currently 100% occupied with strong occupancy history)Effective Gross Income: $106,925Taxes: $9453Insurance: $6588Management: 5% (will be partially self managed) $5,079Utilities: $6,302 (only common area electric and electric heat, all other separately metered)Septic: $1,000Repairs/Maint.: $16,450Marketing/Promotion: $1,431Trash: $1,961Supplies: $1,579Water Testing: $3,177Misc: $350Total Expenses: $53,370NOI: $53,555Cap Rate: ~ 7.5%Cash on Cash: ~12% (based on 20% down and 30 year am at 5% - still finalizing loan terms so subject to change)DSCR: 1.46x50% Rule ($/unit/mo): $117.171% Rule: 1.31%GRM: 6.36Debt Yield: 9.55% (based on 20% down)Property is in overall good condition but could use some upgrading.

I don't think I would've finally given myself the push to get into RE investing if it wasn't for becoming a sales agent.From any one's experience, I'm curious as to how difficult it is to get a loan if your income isn't stable?

Local talk blames it on the cops pushing them farther from the areas like Fishtown and Northern Liberties.

Why wouldn't they skim the better properties for themselves and then push the thin deals or flawed properties to out of state investors that don't know the difference.

Can I push you out of the way of the freight train?  

This gets me worried, because I don't want to feel that pressure from my agent and I don't want her to not try hard to push the listing agent to sell if she thinks the offer is ridiculous.I have an idea that will get an agent to fight harder than the investor for a lower price.First, the plan works on a case-by-case basis. 

Sometimes favorable terms will push the purchase price up a little bit, but it still absolutely has to make sense as and investment.

Unfortunately I wasn’t able to arrange for a financially viable way to push back past May 1 – lesson learned for next time though!

@Heath McPhersonToward the end I worked 4 ten hour days and worked 3 days on the real estate, essentially two full time jobs.The other thing I did was to buy in bulk, several times I bought 10 properties in one day; that pushed the process.

My husband and I want to lay down roots there, start a business raise a family.