Until it closes.This deal can totally be done, but it would probably take a third party escrow to handle the assignment fee and you would either change vesting to their name etc...

Totally doable!!

Had him in my phone under someone else...Totally didnt remember meeting him.Next three were agent deals.

If I bought a 3 unit apartment building with a 203k loan that needs a total rehab, would I be able to write-off the improvements on my taxes as expenses even though they were financed through the 203k loan.

Having overseen over 1,500 units I totally agree that boots on the ground, management is the make or break factor.

Property values in the middle of the most densely packed zip codes (I'm focusing on 3 or 4) seem to be pretty similar when you look at price per square foot and some of the other metrics.

Generally you want to keep your total debt service to income under 39%, so keep this in mind.

And total ROI?

First, is your personal rate: NOI/Total Debt (current or future) which gives you certain metrics, and second (more important IMO) the MARKET cap rate, which tells you at what rate an investor in that area would (theoretically) make a purchase.

Here are my expenses for year 1: Mortgage Rate 5.00% Length of Mortgage in years 30 Monthly Mortgage payment $3,105.78 Taxes $416.67 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $200.00 Insurance $266.67 Mgmt Fee $- Vacancy $207.00 Total Expenses $4,196.11 Years 2+: Mortgage Rate 5.00% Length of Mortgage in years 30 Monthly Mortgage payment $3,105.78 Taxes $416.67 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $200.00 Insurance $266.67 Mgmt Fee $600.00 Vacancy $360.00 Total Expenses $4,949.11