Ew Orleans because the flood insurance was $2400/yr with potential for continued increases with the ever-changing flood maps.

A broker told me last week that rentals in Hoboken is softening due to increased supply (e.g., completion of new constructions coming to markets with incentives for renters), and he expects rental price to stagnate or decline a little in the foreseeable future. 

Hi Quinton,This may or may not be applicable to you, but if by "unemployed" you mean "on temporary disability, but my job is waiting for me when I get better, and we have an estimated return to work date," than this would be a scenario where ADA trumps ATR and you can still get a traditional mortgage.Fannie guideline on long-term/permanent disability, on social security disability, and on what may be applicable to you: "temporary leave income," which includes short term medical disabilities.For that last one:Just like women/men on maternity/paternity/pregnant leave, a gap between temporarily reduced income due to medical condition, and your normal income, can be made up for using asset depletion.

in addition I'm in the process of financing a 4 family (on the personal banking side) better terms and conditions.

Here is some price information from our event (geographical areas may differ in pricing):"Database price for labor to hang ½” taped, floated, and ready for paint $1.06/SFHeavy Texture, ready for paint 1.22/SFSmooth Wall finish 1.55/SFReady for Texture .90/SFUnfinished, hung only .54/SF"There is normally a 10 to 15% increase in labor prices the insurance companies give you in a disaster. 

You probably want a 30yr fixed conventional. rates should be 4.25-4.75% or so for this type of loanand you will likely have to do 20% down for a conventional loanTalk to a lender and they will help you understand underwritingTalk to a realtor to help you the buying processTalk with other investors (as many as possible) in your area to understand market conditions

When I run numbers on these home I always increase my numbers by 15% and add in an extra contingency allowance. 

Hello BP,I am still figuring out financing for a 4-unit turnkey property I have under contract (for buy and hold).I wrote in a previous post that my lender increased the down payment required for purchase and I don't have it.

The home doesn't have a finished roof, bathroom or kitchen AKA it is not in any sort of livable condition. 

To buy this new 8plex I would have to refinance my current 8plex and increase the mortgage from 170k to 510k (170k+320k for new 8plex+20k for acquisition fees or other things)This is my current property (8plex)This is my current property after refinancing (8plex)This will be my new 8plexI should also add the the new property is in very good shape.