Plus the most successful realtor in the town is also a friend, so I feel safe about all information they are providing.Property Info:5 total units: 4 - 2BD/1BR's and 1 - Owner's unit 1BD/1BR w/ a loft and garage.

Please feel free to reach out if you're interested. 

I'm still a little bit out in order to get more money to get started, but feel like I should gather as much information as possible before then. 

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

I'm looking for advice but I'd also like to share what I feel are my options going forward.

Feel free to contact me.

Takes a while and you must have the volume and balance sheet to warrant the fuzzy little feelings the banks need when removing you from the personal liability.

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

The Code guy says that the floor feels a little soft and he wants me to fix a spot next to the wall.

(feel free to tell me If I am wrong.)Gross rent = $4,775 p/month x 12 = $57,300Vacancy rate of 10% brings it to $51,570Consider 45% to %55 for expenses and management brings my NOI to $23,205 - $28,365NOI/Cap Rate$23,205 / 8% = $290,000$28,365 / 8% = $354,500@ 70% LTV that gives me a range of $58-$100k to pull out if my math is correct.