In some market areas that is large and in others that is small.

Does anybody have any thoughts on Springfield or any good markets for someone who is looking at the $150k range? 

The loan is qualified based on the actual or market rents of the property determined by a lease or appraisal.

Looking to network to understand the market more.

If he has an existing below market rate mortgage by allowing a buyer to receive the benefit of that mortgage he may be able to obtain a higher price than a cash or new financing sale would bring2.

Hi @Summer Shelton I'm not sure about the loan limits in your market in Florida but I do know that would not work in Chicago.

Quote from @Rodney Menendez: @Peter Dukaj yes we are still finding lots for around $19k in Lehigh Acres with no issues for construction  still a soft market and utilities are going to run way more than public sewer and water taps. it all ends up being the same. 40-50k for a lot no matter how you skin the cat. plus all the site work required for those lots is more than double what a traditional infill lot requires in miami or columbus for example 

I live in NYC but open to a lot of the mid-west/central markets given lower entry price.If you're looking to get started like myself, or even wants to invest together - feel free to reach out!

Hey Ash,looking at an 82 unit property in a great market with a lot of value add opportunities.

Take into account variables that could affect your cash flow, such as the stability of the market, local tenant demand, and prospective changes in interest rates.