Thank you and sorry for posting in the wrong spot!

Now the question is:*Post for sale by owner as is and hope other investors contact me that would be interested in doing the renovations them selves?

@Antonio Resendiz thanks for posting. 

@Melissa MauroI think the crickets here on your post speak for themselves. 1.) 

I used CrossCountry Mortgage, which provided a premium rate of 5.5% for 30 years.

*This post does not create a CPA-client relationship.

Originally posted by @Brian Ciuchta:I’m a newbie who’s diving into multifamily.

This is my first post so I apologize for my lack of knowledge in the industry.

@Deron Jewett thanks for the post. 

From a valuation standpoint, the calculated cap rates in your original post and some of the other posts here (the 5.3 and the 6.6) are irrelevant and essentially useless.In your initial post, you mentioned the average cap rate in the area the property is located is 6.4.