You can not buy true cash flow .As for the question, fixed or variable.......historically variable has always out performed fixed rates.

Please tell me how this is so.See also this BP post that is a little more subdued about the performance claimed.

For the most part I attend every game, every performance, etc.

We were having a very difficult time finding a 2 – 3 family home in the particular area we were searching in because we were bidding against many contractors and developers that were purchasing multi-families in all cash to perform condo conversions which is something I would like to do in the near future after this project.

@Patrick Martone I too like the work, and save money by paying myself to perform work I like (tile, trim, carpentry, etc...)With that said, when you are doing the work it is easier to estimate verse a sub or GC.

His company over performed in every single phase of the transaction.

..of sorts.POS Triplex BUY: $105,000 Costs: $7,900 Rents: $1,100 mo Financing: Hard Money 12% interest only for 9 mo (stings)REHAB:Repair costs: $9500 Misc: Includes "cash for keys" to remove inherited tenantsRENT: $1900 Misc: Fully performing with professional management in place at 8%REFINANCE:Appraisal: $200,000 Great news!

In addition to doing tax planning with many clients, I also perform financials statement audits.

Resist offering what the property CAN make with good management, but rather base your offer on its current operating performance. 

He would be responsible to either perform the work and/or pay for any subs that perform the work.