And even some Fannie Direct lenders will internal restriction to only 4 loans.So you can have up to 10 confirming loans including your primary home.Hope this is helpful.Upen PatelMortgage BankerFederal NMLS# 1374243

Its open to all investor enthusiasts, so OK to bring your partners, bird dogs, interns, etc.

I am just going off what I have heard.Southeast Seminole HeightsTampa HeightsI have also seen some flips in Carver City, which is not great but borders Westshore/International Plaza area.

I wanted to roll out of my smaller property and I cannot find any valuations that justify it at this point, so we have gone internationally. 

(Quad) Property(Quad) PropertyBeds/Baths: 8 / 6Beds/Baths: 8 / 6Type: Multi-FamilyType: Multi-FamilyYear Built: 1980Year Built: 1980Square Footage: 2,813Square Footage: 2,813Lot Size: 0 sq ftLot Size: 0 sq ftParking: On-StreetParking: On-StreetMLS #: undefinedMLS #: undefined** Purchase **** Purchase **Purchase Price: $180,000 ($64/sq ft)Purchase Price: $235,000 ($83.5/sq ft)Purchase Costs: $3,600Purchase Costs: $4,700Rehab Costs: $0Rehab Costs: $0** Financing **** Financing **Down Payment: $45,000 (25%)Down Payment: $58,750 (25%)Mortgage Amount: $135,000Mortgage Amount: $176,250Total Cash Needed: $48,600Total Cash Needed: $63,450** Cash Flow (Monthly) **** Cash Flow (Monthly) **Rent: $3,200Rent: $3,200Vacancy: -$320 (10%)Vacancy: -$320 (10%)Expenses: -$1,343Expenses: -$1,343Net Operating Income: = $1,537Net Operating Income: = $1,537Mortgage Payment: -$684Mortgage Payment: -$893Cash Flow: = $853 ($213 per unit)Cash Flow: = $644 ($161 per unit)** Returns **** Returns **Cap Rate: 10.2%Cap Rate: 7.8%Cash on Cash: 21.1%Cash on Cash: 12.2%Return on Investment: -102.5%Return on Investment: -169.8%Internal Rate of Return: -94.7%Internal Rate of Return: -100%Rent to Price: 1.8%Rent to Price: 1.4%Gross Rent Multiplier: 4.7Gross Rent Multiplier: 6.1

I would recommend taking a short break from DCF and first familiarizing yourself with the concept of IRR (Internal Rate of Return).  

It is a medical office, built in early 70's, internally remodeled in mid 2000's and now this year built a a garage and did the EFIS.  

Not only will the local health department use the full weight of the law but there is federal and international health codes that no contract can supersede.

Best you can do is start the eviction process, maybe that will spur the caseworker once a court order comes down the line to the tenant.It's been a while, but if I remember right if a section 8 tenant gets evicted, they lose the voucher program for 3 or 5 years, likely create a lot of internal issues for the case worker.

(Note: financing is not an operating expense)Cap rate is: IRR - Internal rate of return, This is the return on investment you get for whatever period of time the money is invested.