Looking to team up with contractors, agents, and anyone who's got their boots on the ground, especially since I'm not based in the U.S.Excited to learn from you all and see where we can collaborate!

Based on this, they will opine on the developability of the site and give preliminary foundation recommendations.

An agents motivation to work with someone based on receiving a higher commission seems unethical to me.

Based on the information provided, it seems like this could be a solid long-term investment opportunity.

If/when rates drop, we will refinance again at a 30-year fixed rate.Also, taxes are more like $250 a month.

It’s generally thought that if interest rates go up, investors will demand a higher Cap Rate.Assuming that’s true, if Cap Rates go from 4% to 5%, the math says price would have to go down by 20%.Somehow I don’t see sellers willing to drop their price by 20% simply because interest rates went up by 1%.For those multifamily investors and syndicators out there, how does this play out in real life?

@Matt Taylor - Based on the purchase price, seller carry, down payment and current income, It seems like a solid opportunity.

If rates drop, the house could cash flow easily.  

The 1 inch drop was measured from the inside. 

You have to do your own analysis based on your ability to fund.