It's worth considering the credit rating of an insurance company and how long they've been in business. 

Three years ago, my wife and I purchased a duplex with a 3.25% interest rate.

We are looking for properties in a B or C area with a B or C rating and most importantly, the investment property should have a value-add capability.Ideally, we are looking at properties between 50 and 200 units but if close enough and a win-win, we will to take a look.Contact me if you are a serious seller or Seller Broker/Agent.

This is because FHA loans are assumable, which means that a potential buyer is willing to pay a higher price for a home if they can take over the existing low-interest rate mortgage.

Considering how much the area has appreciated, it may be tough for your friend to cash flow with current interest rates. 

At most I'm seeing about 2%  5 year rate of return when I put the numbers in the calculator. 

The variable interest rate went from 5.25 originally (not bad) to between 8.5 and 9% now, meh.

@Detrick Bell cash flow is tough right now with current rates, prices, Houston insurance rates, and texas tax rates. 

Hi all,How do I determine the cap rate for a two -door multifamily complex? 

I feel that the property tax rates are a little high 2.77% and 2.78% but I'm still cash flow positive despite the large property tax increase on SFH#1 (owned for 10 years).