These standards are specific to you and must be consistent with your wealth vision, mission, values and asset type.Specific investment criteria may include:•Minimum appreciation•Minimum rate of return•Minimum cash flow or cash on cash return•Price range•Maximum amount of investment•Location of investmentOnce your investment criteria is established, you can use it as the key part of your system to identify the right investments for your wealth strategy.Here’s a sample of search criteria (must have):Purchase price should be between $60,000-$150,000Neighborhood should be a solid B-/C+ (Working Class)I want minimum 200+ monthly cash flow or 100/door after ALL expensesRent 1% or more of ARV10-12%+ CoC ROISchools above 6 ratingTenants pays all utilitiesIdeally (or more flexible criteria):I will buy with cash and want to refinance with 25-30% down after rehabBuilt after 1985.When possible, I want to purchase multifamily units (2-4, max 8)I want to spend less than $3,000 on inspections and closing costsI want to spend less than $10,000 in initial repairs and rehabValues we use in our calculations:5.5% interest rate, 30 years10% vacancy6% repairs and maintenance6% capital expenditures10% management fees2% annual income growth2% annual appreciation growth2% annual expenses growth6% sales expensesUse It or Lose ItThis system (as with all systems) is only successful when it is used properly and consistently.

There are specialized loan companies that have been establish just for investors.

Establish how much of the purchase price should be allocated to the lot, and that will give you some basis above zero that you will use to reduce the gain on the sale of the lot.

I know this may sound biased but I dont recommend using the online services because there are a lot of questions that need answering when establishing the LLC and a few extra bucks spent now, can save you a lot in the future.

GONE and long gone are the HML who loan based on equity etc.but the reason you want to establish a relationship with them and probably bring in a equity partner to start.. is once you have half dozen successful deals behind you .. then its possible to get higher leverage from them and more favorable termsThere are HML in our Portland market that will do 100%  they charge for it 3 and 12.. but its 100% but you have to be with them for a few years and show very good track record.

That was a 50 yr old established couple with a college aged kid.

Consumers are being misled to believe that an online verification letter—often provided by unlicensed medical professionals at a cost of a few hundred dollars—guarantees them the right to have an animal in multifamily housing regardless of pet policy...HUD is developing new guidance that will address for the first time what “reliable verification” means as it pertains to tenants’ service animal requests.

Except in rare scenarios like Medical Doctors and attorneys. 

This being said now that the LLC has been established I have been reading a lot of threads and have noticed quite a bit of conflict with people suggesting they struggle to get loans and insurance through the LLC versus an individual.

If you buy with all cash, and the market drops, you're cash in your property also dropped since the property is worth less than you paid for it.If you only spend a down payment, and finance the rest, that drop doesn't impact you since what you have established is a cash flow situation...that isn't impacted by the drop in property value.