If he doesn't keep good records, then you have a bit of a problem, and will have to calculate it yourself.Finally, with all the information you've collected, you determine if it is a good deal or not.Based on what you listed above here's an example ballpark monthly budget:Principle & interest: ~$1,000 ($195k loan @ 5%)Taxes & insurance: $300-500/mo (depending on your locality)Utilities: $200/mo for water (most 4-units has the owner paying water)Vacancy: $140 (based on 95% occupancy at $2800/mo)Maintenance/Capital expences: $280 (standard 10%)Management: $280 (10%)Total: ~$2,300-2,500, leaving you with a profit of around $100/door, with only $10k invested. 

They have on their records the amount owed.

I suggest being located close to work because the commute times can be killer if you're traveling from one side of town to another.

Yes, you need to see if there is a recorded easement/agreement and also read the language in the two deeds.....both should be available online.

In addition. your attorney must be the one responsible for the recording of both the AB closing and the BC closing.

My first spreadsheet is condensed information form my mortgage broker and lists on the Y axis (vertical): mortgage terms, rate, APR, fixed term, years, credit score, loan amount, sales price, percent down, down payment, FHA funding fee, Total Loan Amount, Estimated Monthly Payment, Principle & Interest, Homeowners Insurance (Flood + Home), Property Taxes (1.23% home price in my county), Mortgage Insurance, HOA Dues, origination fee, appraisal fee, tax service, flood certification, credit report, attorney's fee, title insurance-lenders, title insurance-owners, recording fee, verification of employment, survey, home inspection, water/septic if well, pest, 1st year homeowner's insurance premium, homeowner's insurance escrow, property tax escrow, per diem interest, down payment, closing costs, prepaid expensesOn the X axis (horizontal) I have the numbers for 200k, 250k, 300k, 350k, 400k broken down into whether it's single family or multifamily, then FHA or conventional2.)

My best candidate so far has an eviction on his record (7 years ago), makes twice the rental amount and has a wife and 2 kids.

I have a great track record and credit. 

. $200 before utilitiesI ended up using a portfolio lender for this property, as I could not get approved for a conventional loan, due to a 12 month sabbatical I took to travel the world.

Hi all, I pulled a Pending Foreclosure list from my county's web, however I don't understand some terms and no one in County is willing to explain that to me. for example, there is a property, the original Election Recorded was 8/17/17, for the same property the Orig.