. :-)Was able to acquire more property and simultaneous close the purchase and refinacne as part of the refinancing using the existing equity as a down payment----------------------My Two Bits....In Washington a local community bank will do the same loan portfolio with cross collateralize multiple properties -- multiple 1-4 family with a $250,000 minimum30 year amortizedRates between 4.75% to 5.375%5 year or a 7 year term commercial loanFees under 1.75% - No junk fees --No legal review --No jacked up insurance requirementsNormal 1.20X DSCRWhat I like1) I know the banker well ....so getting him on speed dial on a Sunday helps2) Insurance is normal --No extra  LLC policy -  No legal review fees3) Deed releases  and per property sale figures and required principle reductions figured in upfront....and written into the loan so selling properties are easy-------------------------------I would go there first....if you file any kind of taxes (4506 needed)  as the underwriting is based on rental cash flow My two bits discounted for inflation is now only a penny for my thoughts...Richard Scholtz

Learn how to set up automatic emails to yourself when a good deal hits the market or has a price reduction.

Add in debt reduction, tax incentives, inflation and your looking at a pretty nice return even if you do add another 5-10% budget for capex.

Maybe the easiest, but a bitter pill to swallow, as I really love these properties and feel their markets are trending upward for a bigger payoff.

He has had one dst reduction in monthly payouts... not meeting the ppm. 

This makes me feel more comfortable buying in Las Vegas right now...I'd be making 10% CoC return roughly with the right deal, with low probability of a significant price reduction in the future.

- In MD you get a reduction in your transfer/recordation taxes.

Rich Weese My plan as it stands right now is shooting for $25k ( todays dollars ) per month and increasing from there with debt reduction and inflation.

My offer would allow me to get some good equity going in, hopefully I get it at that price.My wife seems OK with it if we are able to get a further price reduction.  

Nathaniel Donnelly,The reason why I asked, I continue to read more reports of the reduction in military spending across the board.