.), taxes, insurance, repairs, cap ex, management or self management, utilities, etc.....  

Looking to invest in class B properties between $450k-800k and 7-10% cap in Michigan.

If you know the Cap Rate for that area you can determine a value that way.  

Asking Price: $130,000Down Payment: 20%Closing: $8,000PMI: $0HOA: $150 / yearInsurance: $1,000 / yearGeneral Maintenance / CAPEX: $900 / yearWater/Sewer: $1800Real Estate Taxes: $3,900 / yearRent: $1500 / monthFirst offer: $110,000PF Cap rate - 8.06%CoC ROI - 17.44%Cash flow: $523.32Thoughts?

However since I will likely have to use a commercial or portfolio loan (I want a cash out refi or credit line secured by the property/business, I am of course willing to personally guarantee) I think it is reasonable for the underwriter to appraise the property taking into consideration cap rates/business income to derive the value.

I currently only pay 100$/month to this and save the rest of the cash flow for vacancy, cap ex, etc.**   I'm hoping the refinance has the equity to do a cash out refi but I'm looking to settle the variable rate currently in the meantime.....

No 5% cap rates for THIS investor, thank you! 

Do I only pay taxes on 7/24 (7 months under the 24 needed to avoid taxes) - So profit of 100K cap gains tax is 50% - $50K multiplied by 29% (7/24) = $15K in taxes rather than $50K.

Figure out your CAP rate, and if it makes sense put your agent to work to get the best deal for you.

No rental cap or rental restrictions. 1 parking spot included.