I have a 6350' office built in 1974 under contract.

At 93k I can get 10% CoC and $200/month in profit.Here are the numbers as I see them:% Down Payment 20.00%Down Payment $23,800 Remainder of closing costs$5,500.00 Total Due at Signing $29,300 Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $511.05 Taxes $135.25 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $150.00 Insurance $65.42 Mgmt Fee $103.50 Vacancy $93.15 Total Expenses$1,058.37Total Revenue $1,150.00 Cashflow/month $91.63 Cashflow/year $1,099.55 Cash on Cash Return 3.75%

That was very helpful.The numbers that I have at this point are as follows...HOA - $30/monthTaxes - $100/monthInsurance - $250/monthManagement fee - $140/month ($1400*10%)Sewer, water and utilities are paid by renter.I'm currently speaking with a loan officer about a cash out refinance to see if I could qualify for one as well as what the numbers would look like.  

I am open to a flip, buying a office unit (in a business park), another SFH, etc...

Can anyone here recommend a loan officer that they've worked with on a similar dael?

the answer is, "get a job and call a loan officer at any bank".i am not trying to be mean, but i am sure that's how it comes out.

I chalked it up to his need to be in the field more than he needed to be in the office, so I tried to get him organized and set up with systems.

The payphone in the back was my office phone and the cafe in the front was my office.

I am in the same field, and I got into real estate and think it works fairly well with education (if your job has some flexibility like mine)...I can recall spending like a hundred grueling hours fighting over half someone's deposit in the legal aid office and stalling the eviction an extra week or two on  technicalities (a noble cause for sure), but they still, of course, were evicted eventually with no money.

I have a friend who is a realtor, and I've spoken with the people at our local MLS office.