Example belowwe found a house for 900 a month rent Asking price was 59900. taxes 1400, insurance 800, renovation budget 25k mostly cosmetic and minor fixeswe went into it expecting a 15% return on our cash out  that gave us a expected cash out loan around 75k to get our 1.4 dscr   When we plugged our numbers  we could go over 47k on our offer to make the deal work  we offered 43 and got counter 47,5  we took the deal assume a slightly lower 1.38 dscrthe key is to scale and be selective on tenants AND not allowing pets (you can offer them but suggest crazy fees to cover yourself)  500 pet fee, 25 a month per pet etc.  

Now it seems very different.So my question is, for those of you who have closed on residential multi family deals recently, have you been finding these on the MLS or elsewhere? 

We use Appfolio to manage over 1,000 single-family long-term rental homes in Texas, but your needs might differ.

We own a 7 unit apartment building at the beach and would like to replace our present bank loan with private funding of some type.  The banks in USVI are VERY risk adverse resulting in major processing costs and restr...

Probably ends up being about 5-7 single family homes to get the job done.

Investment Info:Small multi-family (2-4 units) fix & flip investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Rome.

What are your biggest pet peeves about working with an agent?

Looking forward to getting to know some of you, and learning as much as I can to accomplish the goals my wife and I have set for our family.

Investment Info:Small multi-family (2-4 units) fix & flip investment.