The debt equity split on the financing will be 85% debt (75% bank, 10% secondary lenders) and 15% equity (mix of private investment and land contribution).

I have seen recently higher cap rates being used in secondary and tertiary markets that the borrower has had to contest the originally used cap rate, arguing for a lower figure. 

Now, my suggestion to you is that if your looking for cash flow, you stay away from primary markets and start looking at secondary markets in the Midwest where you can buy turn key quads for 120-130k and cash flow 1k a month.

Belinda,If you had it inspected and there are no faults with wiring or a bad breaker then you need to do some math and see what the issue really is. 

The issue was that after I was told the fees and did the math, I'd be making very little in terms of cashflow. 

I purchased some land for my buisness and I have some room left over I was thinking about putting a modular home on the other side of it. Im in the stages now of getting some prices together, im trying to debate if it...

And it's better to leave only $30k in the deal at this point than the $66k you'd leave in for 6 months otherwise.In this simple math in #2, I'm ignoring closing costs and such.

I haven't learned as much as I want when it comes to the refinancing process.So real basic math.

After doing the math, if I could increase rents to $850.00 a month, my cash on cash would sky rocket closer to 12%.

I've started to do my due diligence and the property's I'm looking at are both available for short term rental using AirBNB, and long term rental with tenants, though I actually prefer long term and would use short term as secondary choice.