The loan is qualified based on the actual or market rents of the property determined by a lease or appraisal.

We have a verbal commitment on an off-market property in Ohio and need a purchase agreement drafted.  

Does anybody have any thoughts on Springfield or any good markets for someone who is looking at the $150k range? 

If he has an existing below market rate mortgage by allowing a buyer to receive the benefit of that mortgage he may be able to obtain a higher price than a cash or new financing sale would bring2.

Quote from @Rodney Menendez: @Peter Dukaj yes we are still finding lots for around $19k in Lehigh Acres with no issues for construction  still a soft market and utilities are going to run way more than public sewer and water taps. it all ends up being the same. 40-50k for a lot no matter how you skin the cat. plus all the site work required for those lots is more than double what a traditional infill lot requires in miami or columbus for example 

Hey Ash,looking at an 82 unit property in a great market with a lot of value add opportunities.

Take into account variables that could affect your cash flow, such as the stability of the market, local tenant demand, and prospective changes in interest rates.

Had one that we found off-market but things fell through during the inspection (electrical and plumbing issues that we didn't have the capital to pay for and the seller wouldn't budge on). 

You can also check their reviews online at Google, Facebook, or Yelp.

A book I’m reading mentions “taxes” should be included in operating expenses but they don’t specify what type of taxes.All it says is “call your local county or look online at the county assessor’s page”No clue what that means, could someone clarify what taxes they’re referring to?