Avoid some of the mistakes I made before discovering Bigger Pockets, it can take a long time to recover from.

Because I am new to the game I have few contacts or access to leads or "ins", so in trying to find my own "ins" I have discovered properties I am highly interested in going through foreclosure. 

Some of the time you discover synergy which was not obvious from the first contact.BTW, use LinkedIn, Facebook and other tools.

So I spent my time not only discovering the neighborhoods with my developers but also networking and socializing so that I could get acclimated with the local culture.

I am on a "payment plan" with some of them, others I am just plain behind and/or basically just paying interest ($138 payment to Discover is $118 in interest, 26.24%).

@Marty Angelina I would start out by calling a few lenders to explain what you are trying to do and discover your options and find out exactly what you’ll qualify for.

If the injury is not immediately discovered, it is two years from the date it is discovered or should have been discovered.

I suppose they're coined "commercial loans" because they're more business purpose in nature and funded by private institutions not backed by the government sponsored entities. 

Continuation from Part 1 of this series: https://www.biggerpockets.com/forums/44/topics/723267-apartment-financial-underwriting-part-1-of-a-2-part-seriesApartment Financial Underwriting - Part 2 of a 2 Part SeriesInvestment Yield RatiosIn Part 1 of this series, we covered the basic organization and structure of an apartment proforma, income and expense summary, and a construction cash flow schedule.In this 2nd part, we'll cover investment yield ratios that we utilize as a professional development company, to analyze the return characteristics to determine if a project is worthwhile in our initial underwriting, as well as, provide final financial return reporting on completed projects.In the development business, these are the major financial ratios used to measure investment yields on equity investment by professional developers, institutional level and mid-size equity investors:Internal Rate of ReturnEquity MultipleROI or Cash on CashInternal Rate of ReturnFirst, the textbook definition:Internal rate of return (IRR) is the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equal zero.Internal rate of return is used to evaluate the attractiveness of a project or investment.

HelloI recently discovered a market where no home is listed for rent do you think this is a good place to invest ?