Debt service would be at about $9,886.Based on the expenses provided it would be a great deal but having the conservative approach, being that its a small multi lets assume 40% for expenses.Income- $22,620Expenses- $9,048NOI= $13572Debt Service- $9886CashFlow= $3686/ year, $307.17/ month, $102.39/ unitAny feedback will be helpful.Best Regards,Rico

Debt service would be at about $9,886.Based on the expenses provided it would be a great deal but having the conservative approach, being that its a small multi lets assume 40% for expenses.Income- $22,620Expenses- $9,048NOI= $13572Debt Service- $9886CashFlow= $3686/ year, $307.17/ month, $102.39/ unitAny feedback will be helpful!

I’m looking to move into larger multi family properties with the goal to initially replace my W-2., build passive income and equity to teach my kids the value of.

I have never messed with multi family but I'm sure vacancies are higher.

To get an idea of my goals which may have an effect I'd like to close on 2 more multi-families within the next six months.

Profolio includes several multi family units.  

Having worked heavily in multi family for the past four years I can tell you that market has been heavily saturated by investors.

Texas or Florida come to mind because I could take advantage of the veteran property tax benefits and also the likelihood of obtaining a multi unit property would be much easier to get into.  

Our ultimate goal will be multi family buy and hold properties, to however we want to raise capital through flipping houses.

The driveway is slanted 45 degrees instead of being a 90 degree driveway from the street.