And the imputed value will be used - take the tax assessor's assessed value and multiply that by the leveling factor that the PA Dept of Revenue publishes for that county for the year of the transfer and you get the imputed value.

I know the big thing would be to factor that full heloc payment into your carrying costs equation. 

Can usually allot 5-10% vacancy factor and same for maintenance.Class B usually also okay, but needs more attention from owner and/or PMC.

BUYOUT CLAUSE:2.1 Term:This partnership shall have a duration of 10 years, commencing on the effective date of this Agreement.2.2 End of Term Meeting:At the end of the 10-year term, a meeting will be held where both parties shall vote on options, including a buyout, selling the properties, or continuing the partnership.3.

What many investors are learning is that this leads to terrible outcomes including paused distributions and loss of principal invested.You are technically correct that debt will always multiply returns.

I think the main steps include filling out and submitting an application and then attending the hearing the following month to have it voted on.

I did realize after I made this post that the Applicant's monthly car payment of over $700 is actually included in the total monthly debt obligation which is above $1300 so I over calculated the car payment into the expenses. 

by you guys if your including me.. in these private notes we self service.. in institutional notes I believe by law you have to hire a servicer that is licensed to do so.

Given your circumstances, the following advice and considerations apply:Benefit from low interest rates, no down payment required in most situations, and financing for up to four units when you take advantage of the VA loan.A thorough grasp of your budget should include the purchase price of the property as well as any possible maintenance expenses and other related expenses.

Other factors that you should check are:1. does the citizens policy provide better coverage than the separate policies or the reverse2. how does the claims paying ability of citizens compare to the two separate policies3. is either more likely to renew coverage