The great thing about RE is leverage, if you have to wait 3 years before seeing some light, then it is pure speculation

I think I like a HELOC better than a pure loan, as it is there only if/when you need it.

Does your lender take into account the current rent roll, or are they lending based purely on your relationship?

It's very common in the old parts of Milwaukee to find small commercial storefronts which also have 2-4 residential units.I found a 4-unit which I like purely on the merits of the residential units.

In some scenarios the agent he employs will also have to negotiate 2X the price of his or her commission too because the seller will now demand an agent.Agents add transaction costs...pure and simple.

A financed deal as a pure investor is pretty much DOA.

But I agree with you , when you hit a gentrifying neighborhood, you will make multiples of what someone trying to play a pure class /D neighborhood for 2% will make.

I went through NACA because of the interests rates.At any rate, I want to buy a second multifamily  that I'd use purely as an investment Property.

Here's my formula (pure common sense) for analyzing a flip:MPP = Sales Price - Rehab Costs - Fixed Costs - ProfitMPP is "maximum purchase price"...and the other costs should be evaluated very conservatively just to be safe.Now, if your numbers are correct, then Sales Price is $175K and Rehab Costs are $10K.

Any deals after that are almost pure profit.John Corey