Those chasing the last 5yrs experience are going to be rather sad at what the next 5yrs hold for them I think.

Home last sold in 2007 for somewhere around $120k, currently could sell for upwards of $400k, so it's probably paid off or has very low interest rate.

For example, require a minimum FICO score of XXX, gross monthly income X times the rent, and verifiable income for the last X years.

Thank you for the run down on the eviction, I found a local attorney and she filed for me last week and told me it will take 7-8 weeks.

Based on his last post, @Samuel Kim now seems to think it’s pointless for him and his wife to explore this topic over posts made by professionals who barely know anything about his situation. 

If you purchase below retail and include a value add, then it can be a good investment in a very short amount of time (my last purchase has value ~$1M above my costs) in 3 years and was a good investment before 1.5 years.Good luck

Lastly more to my point - I thought you worked for a MF syndication in the past that I was not sure but wanted to mention and that you are not just someone coming off the street having never been involved in a deal (unlike a lot of others).  

The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.). 

For example, in my market, we see MF building permits way down for the last 2-3 years.

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.