I will follow your suggestion to find an active local agent and see if he/her can provide 3 commercial developers. 

With a stylish updated kitchen, comfortable living area, tranquil master suite, 2nd living room with a bar, and a bonus room on the 3rd floor, it's perfect for unwinding or entertaining.

With a stylish updated kitchen, comfortable living area, tranquil master suite, 2nd living room with a bar, and a bonus room on the 3rd floor, it's perfect for unwinding or entertaining.

Double that to 40, either SFRs or unit counts in multifamily, and it should cover most people's FI number for comfortable living standards.

Hello,I am in the midst of a mortgage refinance and I am done with initial formalities, signing the initial disclosures and providing the documentation and so far happy with the terms and It can take 30-40 days to close from today.

This extension, if granted, provides a breather, extending the filing deadline to October 17.

But you gotta be on the ground.Great on paper and some years you might get 15% returns and next year -15% returns.Plus, there is no true value in such areas as homes sell for $1,000 and others to unsuspecting out of state buyers for $60,000 where the provider makes a $20,000+ margin.Then it goes vacant, vandalized and back to a $1,000 houseLooks for areas with a more consistent sales value where homeowners also live and not just investor owned.B class in my eyes is:1) Close to infrastructure like schools, hospitals, shopping mall, larger employer, etc...2) Mix of homeowners and investor owned (leaning toward more homeowners).3) Well kept yards and no boarded up homes.

The comfortable living area is adorned with stylish finishes and abundant natural light.

The comfortable living area is adorned with stylish finishes and abundant natural light.

Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference  between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.