Engineers and the zoning dept know the big players , you bring something to them and lots of times , they "accidently" tell one of the players and the property gets sold in a day .

If you were like me, you would see yourself sucking on crab legs and calling the help to bring you more or you will bish slap them with a piece of steak!

@Drew Wiard I am thinking about visiting Fort Wayne area around the memorial day weekend.

The zestimate is currently at 114.6k but as you can see the purchase price is currently at only 69,000), bringing my mortgage payments to 5,034 per year.If I am able to keep the tenant upstairs, I don't plan on getting PM for as long as they are there (while I still lived there).Also accounting for them to stay I have a 0% vacancy rate for the first year or two while I lived there.For the one unit my GOI is at 7,800 per year with expenses such as GM at one months rent for the year (650), grounds keeping at 45 per year, property taxes at 2,000 per year, and HOI at 924 per year, bring my grand total for expenses to 3,619 per year.

And I still have two not bringing in income in need of rehab in great neighborhoods.

Also, the ability to refinance and bring home a much higher return.

They aren't trying to keep you from lending.So where to go from here.You can attempt to borrow money from someone / bring on an equity partner but you will have to redo most of your loan docs to bring that person in.You can negotiate with the company and find the reasoning behind the dollar amount (again, I am guessing it is because of the stuff I have already addressed above).You can try to look for a new company.

Keep in mind that usually your higher cap properties bring on their own problems and require greater attention, but it depends on your investing strategy/style and what you are comfortable with.

Bring all of your financials with you and just down with an expert.

Sure you can learn from them but most of them are just rah rah get excited to make money i've found that most learning comes from doing a deal and networking with yor other local investors it's much more personal and informative that way. heck you may even be able to bring on a more seasoned investor as a partner with you.