For those interested, we'll correct some of the inaccurate information and supposition provided by @Steve Powers above.

I would start by making sure whoever told you not to go Conventional calculated your income correctly.

Also, she paid for the entire year up front, in the event that she was evicted, I'm not legally obligated to refund that money if she was in violation of her lease, correct?

Has it been through loopnet, working with an agent, direct mail, or some other method?

Why do it twice when you can make sure its done correctly the first time.

I will let @Dmitriy Fomichenko confirm or deny that I am phrasing this correctly :-)Dan Dietz

So if I understand you correctly, you usually know about what you want to pay prior to seeing detailed financial info right?

I've worked with a couple financial planners in the past and neither seemed to be capable of doing more thorough analysis than I was given ~20 hours of work in Excel, so I'm looking for someone who can demonstrate to me quantitatively that their analysis is correct given whatever assumptions their modeling takes into account.Background:I currently own 5 properties, 14 units in Minneapolis/St.

You are correct that 2 properties cash flowing $300/month < 1 property cash flowing $700-900.

Good that you bought it as an LLC, because it sounds like a law suit waiting to happen.If I'm reading this correctly, my recommendation would be to encourage the tenants to move, then start over with a new design, making sure to incorporate someone who knows a little about building codes.