Most of the time rates will start at 5% with rate buy down options into the low 4'sHere's what cool about these lenders.. 4-7% may sound high compared the to 3.25% from the local bank or credit union, but here's something most people over-look.

You can pull a list of these from Zillow, and then just compare it to what you pulled in Listsource.Aside from that, I recommend seeing if they owe any taxes (tax liens) and any evictions, (they may have had issues with tenants).

In this way, I only need one transaction for each purchase, comparing to refinance and then purchase with finance. 50% LTV is where I can get 1.2 debt service coverage ratio.any suggestions are welcome.

Home price are still low compared to CA and both have low property tax rate.

The project I'm working on is an important element in the redevelopment of our downtown.

I think if all the right elements are there, a good deal can be anywhere.  

The others were all done without having to use any seed money of our own. 6) Doubled our stock portfolio, though it’s still dismal compared to other investments and where I’d like it to be. 7) Started a business.

I would keep looking and analyzing every property that comes on the market to compare and see which are the best as this one at the surface looks like it might be a bit low on cashflow, if any.  

Most if not all brokers will come in .25-.75% lower on comparable products.

To determine if you are overpaying for the property I'd suggest looking at other properties that are similar to yours that have also recently sold and comparing them to the property you want to buy.