@Brian GibbonsThat papersourceonline article forgot to mention something about 3rd party appraisal for the 2nd (LLC owned) scenario which was in the original CFPB regs.I'd prefer being able to use an agent's BPO/CMA since they see the pulse of the market and price in demand, where appraisals are rear view mirror facing.

Actual Current gross rent $130,200k Expenses 80 k, I calculated a little high to cover the following 5 years. 130,200 – 80k= 50,200 NOI- P&I of 44,913.36= $ 5,286.60 net per year $50,200 x .10cap rate= purchase price of $500,200 Reduced rent.I lowered to rent rate on all units, three and two units, to reflect supply and demand, cost of living going up, people have less money to live on and I see it getting worse, state and local rezones' Future gross rent $ 123,600 Expenses 80k, I calculated a little high to cover the following 5 years. 123,600-80k expenses= 43,600 NOI – P&I of $39,008.40 = yr profit of 4,591.6 43,600x.10 cap rate= purchase price of 436,00 Rent out vacant unite @500 a month x 12=60k profit Am I wrong?

I guess #1 is tied to local supply and demand and #4 is tied more to commodity material/labor prices and costs to build new construction?

But those that are, for me, I have found they pepper me a whole lot about all of their concerns, and some even make demands by email, sending me pictures of roaches, salamanders, leaking faucets etc.What about you?

There are hundreds and hundreds of foreclosures going on yet rental demand is high.That being said there are very nice up and coming areas in nearly all large cities if you know where to find them.I have recently made my first offers on out of state properties but I am looking for cash flow.

Some people work better in a more demanding environment.

Also try to put only $10.00 as deposit.Do you feel any guilt lying to desperate homeowners just looking for a way out?

It was a rookie mistake, settling on a low number before we realized the demand.

In order to not have to pay PMI you would need a one loan program which does not demand PMI (not sure there are any out there anymore) or a larger down payment to keep the first lien less than 80% Loan to Value.

I came across a builder who will be building in a high demand town near Boston.