I am looking to brrrr so I can add value, but am open to a retail purchase if the numbers for cash flow and cash on cash return are there.

Good thing about the LOC is that you don’t pay interest unless you use it, so if you have a good deal that has higher rate if return compared to your LOC, it would make sense to use the cash. 

Dear, I have a really great Brooklyn multifamily (approximately 40 units) that I am looking to purchase and am willing to co-invest with other qualified HNW.  10% return as is. 

My agent is going to try to use it as leverage.2) the very dirty tenants downstairs has very recently signed a 2 year contract for only 1037/mo but I could easily go up to 1100-1200 which is the norm for a downstairs basement that area.

Endless financials, tax returns, and questions from guys sitting behind a desk that have never ran a business, risked capital, sold a product.

They required personal finance statements and 3 years of tax returns to start as well as an analysis of the operations of the building, which came out favorably (1.66X debt service coverage, I think the target is 1.25).

If you can buy a stable light value add deal and get a 15% IRR on a 5 year hold and the vacant building only returns you 17%, it may not be worth it. 

They will know this kind of information, if they regularly do medical work, if not they can still find it for you pretty easily. 

If you have an LLC, fees are here : https://www.cyberdriveillinois.com/news/2017/decem....For taxes, it is possible to get a small deduction from the LLC's return via a pass through deduction but the tax law around this is complex and situation specific.

All the numbers are accurate except the CoC return.