I am long hold on this property , in an area where I believe it will really gain in value (this is the icing on the cake ;-)What are your thoughts on a unit that has slightly lower cash flow and COC return, but solid IRR?

If no one is a renter, or very few, then it's probably not a solid rental area.What class properties are you purchasing? 

I am looking to also create a solid foundation with a great team that can help me develop a portfolio of properties. 

@Stephen BrownTrue,I agree.But,sometimes I wonder where to get solid knowledge to help me.

The Assessor welcomes the opportunity to review any evidence you can provide that will show the valuation is unrealistic.

they say they notified but I doubt there was any evidence to count on.

Nail your numbers down and if the deal is solid enough, finding investors should be easy.

Unless you have a solid W2/salaried job, that 1yr break might be difficult to explain --- maybe..Your credit rating is based on your credit history, i.e. how well do you handle debt. 

So, my advice is - figure out your strategy first, research areas that will fit that strategy, then find good, honest people in those areas that will help you.this is super solid advice!

Hi All,I am currently looking at a potential deal in an solid C class neighborhood here in Miami.The building is a 4 plex that suffered fire damage and was completely gutted.