Since Freddie/Fannie cap is 10 properties, once I reach 10 properties, is it better to focus on aggressively paying down my 10 TK properties to increase the amount of passive income per property?

At Keller Williams you pay roughly $60-80/mo and keep roughly 64% until you reach a cap.

Also, the rents here are lower than elsewhere so the cap rates àre too.  

If you visit and don't have the desire to interact, then I say tell him to sell it / 1031.NOTE: Multifamily in many markets is being purchased by new buyers at historically low cap rates (5-7% = net income / price) so it may be a perfect time to sell if you can't imagine owning it for 10 more years.

Don't forget to take into account cap exp, since a lot of times they are selling because they know something is about to break.Good luck.

Instead of putting $X down, the lender will require you to leave Y% of equity in the house, with $X/Y% being based on the appraisal ordered through the lender that you will pay for.So if it appraises for $100 and the LTV limit for your scenario is 75%, that means your loan amount will be capped at $75 and you will be required to leave $25% (see what I did there?

Not sure where the 400 max is coming in as most cap you at 625k not the 400 mark.

Mortgage expense $527/mo.Its an 1898 old home but fixed up fairly nice.Came up with $580 of cashflow (after mortgage payment), 13% cap rate, cash on cash ROI of 22.66%.

I've set my minimum for a quad to $200 per unit after all expenses and mortgage payment.4plex Property Report:Address: 4plex, USA, Beds/Baths: 8 / 8Type: Multi-Family** Purchase **Purchase Price: $288,000 ($0/sq ft)Purchase Costs: $8,640Rehab Costs: $0** Financing **Down Payment: $72,000 (25%)Mortgage Amount: $216,000Total Cash Needed: $80,640** Cash Flow (Monthly) **Rent: $3,000Vacancy: -$249 (8.3%)Expenses: -$1,318Net Operating Income: = $1,433Mortgage Payment: -$1,160Cash Flow: = $273** Returns **Cap Rate: 6%Cash on Cash: 4.1%Return on Investment: -3%Internal Rate of Return: 8%Rent to Price: 1%Gross Rent Multiplier: 8Powered by DealCheck Mobile Apphttp://DealCheckApp.com

They do take a decent chunk; 30% capped at $18k in one calendar year, 6% capped at $3k in one calendar year and $60.00 E & O each transaction.