So far, I paid below market rates because the building was severely under managed. 

How would most sellers react to a 3-4% interest rate?

Also, to what degree are people reacting to the new insurance rates?

Its clear that we will need to find a way to increase the occupancy rate, to be able to make profit.

So, it becomes a much more palatable transaction with a ton of upside.He sent me the rent rolls and all the expenses, all rents are at market rate or slightly under but all units have so much growth to have with updating outside/reno bath/kitchens.

Is this the going rate or am I overpaying.

He has a 5.5% rate, which is assumable, but FHA guidelines would require owner occ. 

i.e. if you had a $190,000 hard money loan on House 1, you'd be able to get 80% LTV no problem with no seasoning requirements as rate-term refi

Keep a keen eye on economic indicators, employment rates, and local development plans to gauge the overall health of the market.Maintenance Costs Can Sneak Up On You: It is easy to factor in property taxes, insurance, and regular maintenance, but unexpected repair costs can throw a wrench into your financial plans.

Your Contractors Liability and Workers Comp are likely to be rated based on payroll.