If not, the $250 is still a sunk cost so forget about that part - you're comparing $700 to the cost of a new system.

@Bill Brandt first, if you are using year ago data to compare, you will certainly miss the turn and only identify the shift in the market in the past not in the present.

@Bryan Milian1- One month of market research on major metro areas2- Two weeks of talking to leading agents in your top 3 markets3- Four weeks of learning the markets4- Offer, offer, offer- stick to fundamentals...long-term buy-and hold small MF (your available cash will be the number one factor in determining what you can afford and what locations you will end up buying in...you'll be comparing apples to apples in your top 3 markets...as long as you have a top agent, you'll be golden)Best of luck 

I can say from regent experience that there is plenty of demand for rentals in Lowell and rents are pretty high compared to purchase prices.

The buyer then compares the SOW given to the appraiser with the actual SOW provided by the seller directly to the buyer and notices a substantial difference.

What makes me interested in this type of deal is that the value is based on the NOI of the asset and not based on the comparables.

I recommend reviewing the pictures of comparable properties that have sold within the last 6 months at the price point your aiming for.

Remember to compare rates from different lenders to find the best deal.Borrowers who make 80% or less than their area’s median household income qualify for the Refi Now and Refi Possible programs.

The rehab only increased the value, where value is not a function of NOI on residential properties, but a function of price per sq. ft. comparable sales, or “comps”.Debt service coverage ratio (DSCR) is a function of annual NOI and principal & interest (P&I), and is calculated as NOI / P&I.

@Masood AminPlenty of private/collateral based lenders who care little about borrower income when making a secured loan.Bringing on a partner is not a bad idea in my experience, however, as long as you have a good deal on hand, you end up giving more of the deal to the partner than you would comparatively with a lender.I've never heard of a private lender charging a risk premium due to lack of employment, learning something new every day!