(it's difficult to peg an exact number here without looking at a deal, but you get the idea)  Once you have your arms around where the expense ratio should be, take the expenses out of the gross, which will give you your net operating income (NOI), which you then can divide by the market cap rate. 

My company has a property management arm as well as commercial multi-family sales.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

That covers you really well in case anything happens, and it won't cost you an arm and a leg!

To give you an additional example, our portfolio/blanket loan program works like this:Loan types available are 30 year fixed, 3 year ARM, or a 24 month interest only paymentRefinances and purchases both qualify (cash-out is OK)Each property has to have a value of at least $50k and all properties in the blanket loan must be in the same stateVesting the properties in an entity (LLC,corp, etc) is OKRates range from the mid 6%'s to the 9%'s depending on credit score, loan type, loan-to-value, and the state the properties are inWe have a minimum loan amount of $75k and can go up to $2M+ at up to 75% LTV.The valuation model is either a BPO or appraisal for each property and depends on the loan typeLender documentation and ratio requirements do vary across the industry with some lenders requiring income documentation, reserves, personal debt to income ratio and the property's debt service coverage ratio calculations as part of qualification, where we do not.

Visio is great for investors loan is in LLC, no doc, 30 year, 5/1 arm no balloon and no limit to amount of loans.

I will like to know if, all conventional loans are arms rate.

Hello Everyone,I am looking for a lender who would be willing to do a 20% down payment on a 4-plex in Massachusetts (MA) not owner occupied.It can be an ARM if necessary No PMI.Income verification is not a problem.Found a lender in NH although they won't lend on properties in MA for some odd reason. 

IO, 30-year fixed and ARMs all available.

Also look into arm loans that may give you a lower interest rate for at least 5 years, that'll give you enough time to invest in other projects and hopefully come back to this one in a few years with other strategies to increase cashflow.