Please advice if I should pull the trigger on the below condo:Condo: Offer: 62,500; Rehab: 10,000; Rent/mo: 1300; HOA: 200, Tax: 1400, Maint: 1716; PM: 1430, Admin: 300; 25% down @ 4.5% interest; NOI: 7051, Cash Flow: 4201, CAP: 9.52%Multi: Offer: 82,000; Rehab: 30,000; Rent/mo: 2000; Tax: 4000, Maint: 2640, Insurance: 2500, Util: 1300, PM: 2200, Admin: 300; 25% down @ 4.5% interest; NOI: 9050, Cash Flow: 5318, CAP: 7.95%

I'm looking at a 4 plex right now, but am hesitant to pull the trigger because am unsure.

I can agree with that.. and if they get a quick sale and cut their holding costs and pass that on to you I can agree with that... so massage it a little.. it might be better than we are thinking.

Understand what events trigger most sellers and select those events first, might be divorces, might be citations, it all begins by knowing your market and the demand. :) 

I'm sure it will be easier & easier to pull the trigger in the future when you see a good deal.

Im on the edge of pulling the trigger on my first property.

Most associations and attorneys file the lien with the county though so that it's triggered during a sale but it doesn't have to be filed in order for an Association to collect from the unit owner.

@J Beard this does not trigger the "due on sale" clause?

I would pay those if I were looking to do a complicated tax structure that you needed somebody knowledgeable in the ins and outs of some truly intricate tax concepts, how to apply them and how to keep them legit.If you're looking for somebody to help you with a MFH, an entity set up and some bookkeeping and tax work - well - to be honest, at those rates, you'd better get golden paperclips attached to your papers and a massage while you sit in your appointment.  

Before you pull the trigger on the HML and the project you probably should go talk to several loan officers in terms of your exit financing (Fannie/Freddie) to ensure you will meet all of the requirements they have to close the loan.