Google searches and wiki links would generally be fine, I would assume.

What vacancy rate have you assumed to come up with your break-even cash flow?

I assumed the agent's commission was going to be based on the monthly rental of our property....$3000.

Assume true ARV is 150K150K*.70= $105000.105000-50K(repairs)-5000(repair contingency)-20K(your mortgage and taxes)-20K(your holdiong costs)=$10,000.00There you have it.

And that's assuming that the purchase market in the area where the house is, will be strong enough in a year to make selling at a strong profit a reasonable expectation.Just my two cents.

[b]Refinance MultifamilyMultifamily - Refinance[/b]85% Loan-to-Value (80% with cash out)35 Year Amortization35 Year Term (no balloon)No maximum loan amountLow, fixed interest rate, based on market spreadsover the Ten-Year Treasury Yield.No personal liability (non-recourse)Negotiable pre-payment terms1:18 Minimum Debt Service CoverageThis loan is always ASSUMABLE[b]RefinanceAssisted Living/Skilled Nursing[/b]85% Loan-to-value, no cash out35 Year amortization35 Year Term (no balloon)No maximum loan amountLow, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.No personal liability (non-recourse)Negotiable pre-payment terms1:18 Minimum Debt Service CoverageThis loan is always ASSUMABLERates and Terms determined by LTV, credit, property type and other conditions.

You said "lower rent", but I'm assuming you don't mean low income tenants.

I would like to also add that each market is different and to assume that all are going down or not already at their lowest point could be a big mistake.

I'm assuming an attorney specializing in real estate law/transactions would be best.Is that really all I need to do - Contact an attorney to help with the paperwork?

I assume these large casinos would bring jobs to the area and these workers would need places to live.