It really didn't get ugly, but it would have served us all well to talk about our goals before spending so much energy building a partnership that didn't work out.

I am concerned that prospective occupants of efficiency and 1br apt might be less stable (read more inclined to "migrate") than occupants of 2br apt (small family, etc).

The second floor uses a boiler and it stated on the bill it is 76% efficient, and will need to be replaced soon. the chamber is collapsing and is in poor condition.

I thought the former was more efficient. 20% was my original COCR number but I wanted to make sure I wasn't overshooting it as I haven't worked with Multi familys before.Thanks guys!

If you do and want to swap the unit out it will probably be in the 2k-5k range depending on the size and efficiency of the unit and what type of gas pipe you run.

I will be interested in 2 bedrooms and up.Purchase Price: $520,000 using the high valueDown payment: $ 104,000 -------20% down from an investorImprovements: $50,000 represents 10% of purchase price -------- Improvements technological amenities- energy efficient appliances- some remodeling.Closing: 570,000 x 2% = 11,400Total: 581,400 ARV --------- Represent 72% of current market value.Finance Amount: 581,400-104,000 = 477,400Interest Rate @ 8%Mortgage years: 360 monthsMortgage Payment: $3503Revenues:Let’s assuming each unit rent for the minimum rent in the area.

they are supposed to be much more efficient, taking some of their heating abilit from the surrounding air.

I can just walk away but that would be a waste for the time and energy I spent.

One option that I didn't hear mentioned is for folks with 11 employees or more & paying more than $100K in corporate or personal income taxes by utilizing a TES (Tax Efficiency Strategy- Employer Benefit Plan) This is a financial structure that allows your business to operate on a pre-tax basis while creating a tax-free retirement plan.

That can be hard to do when using an online medium such as a forum.Thank you for your all you have taught me and for spending all of the time and energy you put into this site to help make it what it is and what it will be!