Purchase price: $195,000 Cash invested: $52,000 Sale price: $317,900 Contributors: Peter Vekselman Partner Driven, in collaboration with Jason Arguelles, successfully completed a fix-and-flip on St.

Purchase price: $275,000 Cash invested: $80,000 Sale price: $450,000 This beautiful renovated home near Washington DC promises warmth and comfort.

Shawn - I would suggest you develop a pro forma based on the stabilized state of the property to understand if it cash flows once all units are occupied being sure to include all reasonable revenue assumptions (rents, vacancy factor, etc..) as well as expenses (debt payments, maintenance, utilities, property management, taxes, insurance, turnover costs, etc..)

The reason for the lengthy time is he has given me the impression he relies on this income to sustain he and his wife.

Most people prefer to buy and the past year rents are priced much higher then people want to pay. 

thx for the ref John.sub market with good secular trends, good cash flow, and  attractive tenant pool are some initial reasons for exploring Terre Haute.

Prices have fallen 25-30% since the peak.

My current W-2 and rental income(4 duplexes in my name) have me at about 35%DTI, I am about to add another multi-fam property and it would bump my DTI to 46% even though it cash flows $2000...Do people simply start buying in LLCs(DSCR) at this point for this reason? 

Purchase price: $25,000 Sale price: $50,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick sale on Hwy 49, Dover, TN 37178.

The asking price was 575K, which, in my opinion, was a very high asking price.