There are similar fourplexes all over the place here, and they're bad deals, too.Do some reading here and you'll find from postings of folks who actually have such rentals the expenses are about 50% of your gross rents.

Stuff happens.You can pull the offer and then submit a lower one or something similar to get there attention.At the end of the month or the end of the financial quarter they bank might be more motivated to get a deal closed.

Send me a reply and I can go into some specific ideas.Note that the 11% you quoted for a Vanguard fund is similar.

They will not fund a bad deal (similar to the bank).

I have my plumber and electrician I know to come and take a look and make sure everything there is good to go.The houses in the area that are similar (3bed, 1 bath) rent for between 600-650.I will do the monthly income and you guys critique me.Gross rent =625vacancy fac.= 32mortgage(est).=243 (15 year mort at 7.0 inters)maint reserve=115taxes=50insur=25other exp= 20--------------- 140(i know this is a rough estimate so I will not count on the 140 automatically)Now obviously I have to see the exact amount of work that needs to be done.

Similar situation here.

Is there a way to get financing similar to this for the number of properties we are trying to get?

Similar to the bandit signs that you see on the road, just more personal.Good Luck,Jason

I look forward to getting to know everyone and learn how this site works, I am a definite newbie to the forum scene and blogging and other similar stuff so am open to any and all advice, tips, and resources on how to maximize my time on these sites as well as everyone elses valuable time as well.THANK YOU!!

We have some similar things going on in the Memphis area.