Hello All,I am a first time investor recently purchased two multifamily properties (4 units) - 3 are currently rented and 1 is under rehab. the properties are in not so good area but has a potential to generate positive cash flow if all are rented with min maintenance.

When you look at depreciation as an “expense” you generally have a “money losing” property despite positive cash-flow.

Though I feel it would be very unlikely that this market would be significantly impacted if the U.S. were to go into a long recession, it could happen.  

So what should I say or how exactly should I approach the homeowners without being in the position of being sued?

rehabbing from the start delays rental income and could put you in a tough position financially and lenders don't like that.

I would actually be at more of 50% equity position based on improved NOI.

Therefore, any positive cash flow is infinitely greater than zero!

Can you elaborate on how you determine your max offer per lien and how this would be impacted by the value of the property?  

@Danial Qureshi You definitely have a few amazing options and have put yourself in a goo position already.

The rental is in Tampa Heights and around the $900-1,000/Mo range.Do those investing in areas prone to hurricanes invest in impact windows or storm shutters?