@David McCracken 9.5 if it is a real number then it sounds great, (Depending on location) but has to be real expenses ......I have had people sending me deals with 12 cap but when I ran the numbers it was more like 3-4 CAP.A good way of knowing roughly is by calculating 50 percent of income towards expenses before mortgage.

But interest will eventually have to go up it cant be like this for ever, and when these loans will become due (5-4-3) Years you will have thousands of investors walking away (the value just is not there at interest at 6-7 percent)But the truth is 1 god knows what will be tomorrow.

Assuming an end buyer can get 8 percent for 30 years, the monthly payment is around $235 which will instead leave about $15/month cash flow.  

Let partner put $ in and get more percent of profit but little profit is better than no profit

Similarly, cap ex 5% per month and repair 2.5% per month, is that percent of gross income?

Another way to finance something if you are up to it, is to get a loan that only requires 31/2 percent down if you live in one of the units for a year and that may not be good for you.  

Each point is one percent annualized.

You're either an investor or you're a chump with a license working a crappy job dealing with other people's crappy houses and trying to earn a tiny percent of the deal that will be highly taxed earned income and a mound of paperwork which will distract you from actually making any real money.Refer them to some idiot with his face on the bus bench and take 25% of the net commission.

@Charles Kao I'm not 100 percent certain about the bank.

After they sold back to the Goodman family they began offering lifetime warranties on their heat exchangers.