I am looking at my first real "commercial" apartment building and like most things I'm starting off small... 6 unit building, I own a 4 plex, 3 duplexes and several SFH's, so I'm not totally new to the game, but all the previous properties I bought at deep deep discounts, all foreclosed, all cash deals, all in terrible awful shape, all are now rehabbed beautiful and cash flowing very well.So this leads me to this 6 plex, its in an area I already own duplexes, I finally this week contacted the owner, turns out he's ready to sell, hes owned the property since 1981 with his brother, his brother is 10 years older then he is and can't do any of the work anymore. so...

So, I finally got the Marketing Machine up'n'running.

To better aid in my analysis, is there another rule of thumb you work by or in conjunction with?

For the analysis on properties I have been looking at, I factor in an 8% vacancy rate.

I finally told her to start a business.

It wasn’t until after my first CCIM course that I realized how much I enjoyed investment real estate and the analysis that is involved.

Cap Rate = > 11% I did also a cash ROI analysis on my own and came up with,ROI/yr = 7.4%After tax cash flow = +1620/yrIf I put in expected appreciation I get the following.

Studio one two three four bedFinal FY2012 FMR $487 $556 $685 $922 $1,100 Fina l 2011 FMR $508 $580 $714 $961 $1,147

I've closed some deals with wholesalers on 1 page contracts just the same as longer ones.As long as you have sufficient verbiage to allow for due diligence or option periods as well as the seller allowing proper access to the property for buyer final approval I think you should be fine.

They need to apply and provide the needs analysis and go for it.