In my market the 50% rule is conservative and the 50% rule is meant to be applied to small unit count (SFR or non-commercial MF) so becomes extremely conservative at commercial MF unit count.Good luck

Thanks for your feedback, Steve T. .  

@John T. 

.$950/m                Rent$208/m                T/I$  95/m                PM$297/m                DS on 55% ARV REFI in 6 months$351/m                Cash Flow (after year 1)$512/m                Avg CF year 1 (6 months no debt/6 months with REFI debt)$  6,141               Cash Flow 1st Year$11,500               Cash Out REFI$49,000               Recover of Original Cash In at REFI$66,651               TOTAL Cash Return 1st YearProperty #2: 3/1 - 1036 sf ranch$  72,000             Sales Comps last 60 days within 1 mile$  47,000             Cost all in (Purchase/rehab/closing/etc... $950/m                Rent$219/m                T/I$ 95/m                 PM$265/m                DS on 75% ARV REFI in 6 months$371/m                Cash Flow (after year 1)$515/m                Avg CF year 1 (6 months no debt/6 months with REFI debt) $  6,557               Cash Flow 1st Year$  2,500               Cash Out REFI$47,000               Recover of Original Cash In at REFI$56,057               TOTAL Cash Return 1st Year

If the owner really is a turnkey company and they are turning to an agent in Atlanta with roots in Memphis to sell the properties and you don;t have experience selling TK properties, then they may be in more trouble than this posting shows.  

meant to tag Andrew B there! 

Something along the lines of: Ask for money when nobody needs it; spend money when nobody has it.Borrowers Will Find It Harder Than Ever to Get a Mortgage This Spring—Here's WhyBy Clare Trapasso | May 4, 2020https://www.realtor.com/news/t...

Direct mail, I buy houses signs, I buy houses t-shirts and social media ads all work well to get you in front of property owners.

But I got supremely tired of being broke and—long story short—my high motivation, coupled with a tough mentor who insisted on patience and following his action steps, meant that I stuck with it until I saw some benefits.It’s so hard to do!

I meant that the idea behind house hacking in general is to live free while the tenants cover the expenses of the property.