@Tim Palacio Just FYI, we are having a meet up tomorrow night in West Hollywood for investors interested in the Cleveland market.  

We will also get an estimate from a realtor we are in touch with but other opinions could possibly improve it.It would be very helpful for us to get an estimate for the following parameters:location: either a dry lot south of Cape Coral Pkwy West or a waterfront lot (salt or fresh) further north but south of Veterans Pkwy, budget  for the lot about $ 50k house with 1750 sqft, 3 bed, 2 bath, double or triple garageupscale outfit, but not luxurious pool with extended lanaipaved driveway/walkwaywell designed bathrooms with tile floorsupscale flooringgranite countertops, wood cabinetspool and lawn service includedstainless steel appliances in the kitchendryer, washer includedmaybe tray ceilingsautomated garage doorsimpact windowsThanks for your replys!

ultimately owner ended up loosing the house due to not being able to pay the mortgage.how would you handle situation like this, specifically in west or east coast where laws are tanent friendly.I feel personally and knowledge of how to handle and deal with tanent also matters alot, thoughts ?

The first house was just south of Garland and West of Division.  

after looking at my numbers again after Ming's comment I think my revenue assumption was too aggressive) and King West (probably representative of a typical downtown condo in Fin district and Entertainment district) for comparison purposes, and those numbers came out to around mid/low-teens on a compounded basis over a 5 year period with 3% appreciation applied, 20% down, LTTs /closing costs captured, 30 yr amort and 2.74% interest rate, 3% rent growth and 2% cost growth. 

I'm interested in doing a cash out refi on an investment property I own in Florida to buy another investment property in the mid-west.

Pueblo, Pueblo West, Colorado CityRaylene Luckett Froman, Own a piece of the Country!

My wife and I live in the west suburbs (Westchester) and I currently work in downtown Chicago in the sourcing / contract negotiations / operations function.

That's what we've been doing for the most part, meeting with our West Coast GSE and CMBS teams around the Gaslamp over beers. 

Even in the great white north I’ve seen black doors (west facing) warp with the heat absorbed into them.