How are you going to charge enough rent to make that one produce positive income, even if it has a zero percent mortgage?

Who cares what you call it, whats the ROI does it produce?

My business partner owns an anesthesiology provider company and his clients (doctors and surgeons) have incredibly busy schedules as you know.

I will definitely see a local lender over the weekend I just wanted to see if I could get some insight on here first.I guess my two biggest points/concerns would be:1) How long do I need to have my current investment properties rented out and producing income for a lender to view that as an income rather than looking at those properties as losses.2) Would an underwriter be ok with me purchasing a multi family as my primary residence if it is 60/90 mins from where I work and if I am renting the other units out or would they actually view that as just me trying to add to my investment portfolio considering I already have two properties that I am renting out.Thanks so much for all the input.David

I just joined about a week ago and have already gained so much knowledge it's incredible.

My goal is to find something in the $400k range that would produce a positive cash flow.

Obviously, different markets produce different cap rates...and different investors are willing to accept different rates of return, making any given property worth more or less to different investors.You do not include debt service when calculating cap rate, because the purpose to the cap rate is to compare different properties, or different asset classes (i.e. should I buy a rental property, stocks, bonds, gold, or whatever?).

Which is incredible, and I am grateful, but in that case if who I have told him she cannot ask for a design fee for his wife if who Im bringing is willing to do that for us.

Your Mentor won’t be cheap – but that is relative – since what is learned can produce cash flow in a short period of time.At 74 years old – I am still learning – taking on clients and writing offers weekly – it is important to stay tuned to the market because it is always changing.Your Mentor will hold your hand, analyze deals, help with financing referrals and tell you who the bad guys are – yep in every market there are those slick investors, title companies, hard money lenders and others that your Mentor will keep you away from and tell you their stories.

The sooner you get each unit producing maximum returns the easier it will be to cover your monthly expenses.