The smart and experienced firms who expanded and even thrived in the great recession were multifamily owner/manager firms with mostly/exclusively HUD and Agency backed debt.

For small multifamily, those look right for large banks.For local credit unions, I am seeing anywhere from 5-6% with 20% down and 25 year amortization with a 5 year term.For agency debt on large multifamily, you will see 3.8-4.25% with 20-30% down (depending on market and DSCR) with 30 year amortization and 10 year term and possible interest only for part of it.

One deal, (although in a D area), I got it 100% occupied 60 days after taking over because I got it filled with tenants who are under a housing subsidy (not section 8) by a government agency.

I may just go with a collection agency as opposed to Sheriff delivering judgment, garnishment of wages, etc.

I had a dual agent that left few mistakes in the closing docs so it was really on me to make sure everything I signed was correct.

So recently I got permission from an agency to be an undercover client to determine how well prepared their agents were in English.

You can have an 80000 FICO score and $20m in the bank, but if you don't check all the Agency FNMA boxes, there's no back end subsidy, and any/all profit for the lender must come from borrower's rate and fees.A vanilla $500k loan might have a $1000 underwriting fee and get a certain rate, and consumers think the $1000 is the profit center.

Governing agencies cannot just change the setback, lot size FAR ratios, etc. and other requirements and deem the land no longer buildable.

Maybe things are different in Ohio.I'd talk to the managing broker at your Realtor's agency.  

I'm currently in search of an investment property in the New York area.I know that as a property owner living in the US I get many tax benefits on this property such as deducting the interest on the mortgage, home depreciation etc.I would love to be connected with a CPA which could explain to me how / if these tax advantages would play out if I decide to move back to my home country (I am a dual citizen).Thanks in advance,Tomer