They were all "base hit" deals at best but it worked for us, and of course if we purchased value add and in slightly better areas we could have done even better but we did not have the funds initially to take on properties that needed work.I had a few mid west properties for a bit and sold those off...from that experience I can say for me, I would rather have 16 units in San Diego than 200 units in the mid west.

I know having a pre approval letter is important but this agent encouraged me to put an offer in anyways based on financial contingency.

I'd suggest investing in multi-family units that cash flow off the bat and are in an appreciating market with a growing economic base.

This is my understanding but please help me to get a clear picture.Lets take $100,000 for the amount to be loaned out.1> Line of Credit (based on stock portfolios)- Lender says it will 0.5% origination fee ($500) one time cost- Lender says prime -MINUS 0.5 = 8.5-0.5%= 8% loan as of today.- No other fees or cost.

Based on the current condition, I estimate about $15,000-$25,000 worth of work needs to be done (depending on the quality of materials we could use as well as the possible layout changes).

We guarantee clear and marketable title for all properties that we market to our investor base.

Some of the surrounding neighbors do not maintain their properties as well, but great investors recognize a good deal and have vision of where the market is heading based on location and market growth year over year.

I recently negotiated a brand new roof for my buyer based on the fact that the roof had no permit and it did not have any years left for insurability. 

I am interested in a spreadsheet that can do sensitivity analysis based on changing cap rates and rents.

Additionally, the city of Denver and Xcel also offer rebates, but your HVAC installer will know about those so just remember to ask.All that to say, I recommend touching base with your CPA about it first, if you have one.