So thank you @Brandon Turner @Ben Leybovich @Michael Blank and others for your great insight.I did what I was told and established a relationship with a commercial broker who in turn sent me an off market listing that I believe is a great value add property.This is a 8 unit MFR in an "A CLASS" neighborhood located in Bklyn NY within 2-10min walking distance to any and all amenities, (Barclay's Center, Malls, Shopping center, Banks, Restaurants, Museum, Parks etc.)All 8 units are 4 rooms (2bedrooms) including 1 duplex apt.....  5 units are rent stabilized and 3 units are free market including Duplex, all of which are receiving way less than market rents.Typical Market rents for 2 bedrooms in this area are 3k+/mth, also the typical vacancy rates for this area are @ 2%-3.5% (Bklyn market analysis). 

As an example, the investor receives:100% of the cash flow until reaching an 8% return (called a "preferred return"), then70% of the cash flow until reaching a 12% return, then60% of the cash flow until reaching a 15% return, then50% of the cash flow thereafterThe split percentages and return hurdles can be slid around and hurdle tiers can be deleted to achieve the desired result.

I received a zero down USDA mortgage. 

I imagine being in law enforcement your going to receive less riff raff from your tenants than the average landlord. : )

Hi Kathy,If I don't receive the background check fee, I don't consider the application complete.  

In the time spent to find, process, and receive funds from a conventional lender for 1 property, you can fund 2 with hard money. 

@Matt R.To be fair and I am not promoter and have not as of today received any monies from anyone but I don't think anyone has reliably been good at seeing appreciation coming except when there is a market dislocation like 2008.

Whenever other members mention it you will receive a notification.

We received a ton of rain in July. 

We offer renter's insurance to our customers as a reseller through one of the larger 3rd party renter's insurance providers, and we receive a 10% affiliate commission on the policy.