So on paper, we hit those goals, however, I keep thinking of that SF acquisition as slightly cheating so we are hoping to find another multi-family soon.That said, it has definitely not been all rainbows and unicorns.

(Portfolio Loan means the bank will hold the paper themselves rather than trying to do a Freddie / Fannie conventional mortgage that can be resold.)  

The plan hasn't even been thought out on paper yet but maybe the better route would be to show them that I am capable of performing what I say I can.

To be clear, the highest cash flow at least on paper is going to be the slummiest areas.

Yes, we hired an attorney and working through the paper work.

@Thuy Pham-Satrappe showings indicate its appealing on paper, no applications indicates that it doesnt live up to the listing.

2 weeks ago, the landlord told me I better move out because he was tired of fixing the toilet.

The numbers may LOOK good on paper, but if no investor wants to touch the property... then maybe it's not so good, and then it's a learning experience to figure out why, and what to avoid next time. 

The difficulty with pricing it into the rent is that when potential tenants are comparing apartments on paper they aren't going to say "Gee, this includes storage, I'm willing to pay an extra $75 a month."

And an in person meeting has no paper trail of what is said.