It all depends upon the total cost of construction, based on that your monthly fixed cost/mortgage will come into picture.You cannot rent too far from market rate, essentially you should have some spread between mortgage(construction cost) and rent to cover for cashflow, vacancy etc.I would suggest you to keep the selling it out as your second exit strategy if renting is your first one. in that case your construction cost + selling cost cannot be more than market price of new construction.You can also try to reach out to developers to give them a piece of the pie but then you will have to sell for sure.

The cap rates themselves from their ads don't include the cost of a commercial mortgage in their calculation.Now commercial loan rates that I'm seeing are at minimum 6% and higher. 

On the 15 yr fixed mortgage's I use, that comes out to about $250/month in interest payments, or $3,000/year. 

Hey Harinoor, if you purchased the duplex with a mortgage, contact your lender to understand their policy on transferring the property to an LLC.

Here are the numbers (rounded up):- Original purchase price ~ $180K- Current value ~$230K- Remaining balance ~ $140K- Mortgage payment + HOA ~ $1,300- Current rent = $1,700To calculate ROI at the current time should I base it on the initial investment amount (downpayment) or the current equity position?

How many months reserves for mortgage payments do you reccomend? 

I am considering selling a property using a wrap in Texas. Anything I should look out for? Any recommended companies/people who would be able to assist with handling such transaction? From the transaction to escrow/pa...

I am a mortgage professional in bloomfield Hills serving all over the Midwest.  

By snags I assume you mean title issues which if not properly disposed of may come back to bite both the buyer and the seller. 

I was told 1st Mortgage was extended 32 months. any options ?