Below are the numbers (actual) not per forma obtained by the owner and agent:5 Units + Garage: Total $3,540 ( Type: 4 (2bds/1bath) & 1 (5bds/1.5bath) Revenues: Minus 20% of Vacancy: $2,852/month & $34,224/yearExpenses: Taxes (Annual) $10,614, Insurance (Annual) $2,678, Property Mgmt (8% of rent) $2,641.92, Maintenance/Repairs (Annual) $285, Utilities (Annual) $1,680, Cap Ex (5%) $1,651.20; Total: 19,550.12NOI: $34,224 - $19,550.12 = $14,673.88Valuation: NOI/CAP RATE = $14,673.88/8% = $183,423.50I did this on my excel spreadsheet and when I ran the numbers on the BP calculator I got a negative cash flow.

It took us quite few weeks to go through all these procedures to reverse original assumption.As for living/renting - not the case also, it's illegal to live in the property until you obtain clear POS and rental certificate from the city.These POS inspections slowly getting admitted to be illegal practice (Bedford Hts won the litigation and get all these fees back) but majority of cities in East suburbs are affected.Obviously, it doesn't apply to East Cleveland or inner city - you can still buy houses for $100 and sell for $1K ;)

Today I can obtain 100% in certain deals based on my experience and management skills.

LOL, okay, pull the loans you can obtain as personal loans then move toward what William pointed out or just start out on the commercial side.

But there also was no title company that obtained an affidavit of title from the previous owner, previous owner could've owned a contiguous lot that was an issue, been prevented from selling your lot by deed restriction, or easement, there could have been fraud or forgery or someone that claimed to be the manager of a company or an executor of an estate...or how about if a seller sells to you and sells the same property to another buyer, he takes both of your money and too bad if you don't get recorded first (I actually handled a major litigation when I was clerking in law school about that.

I am looking into house hacking for my first deal, but my goal is to start obtaining properties for the BRRRR method and to fix and flip.Thanks in advance,William

If the agent obtains a purchase offer far above the seller's net listing price, the seller may feel cheated and accuse the listing agent of not disclosing the home's true market value.

Anyone has experience obtaining the list? 

Vouchers can be difficult to obtain.

The deal will also need to cover DSCR (if it doesn't, try getting the Seller to carry the 2nd where interest accumulates with no payments due until a balloon payment date in the future; be careful, know you have an exit when it balloons).My interpretation is that @Eric Schleif is looking at this from the perspective of a CRE lender whose job it is to obtain the very best financing package for his clients.