In my CT market, if I can get a true 9 CAP (w/out PM) for B- properties I am happy.  

It's definitely worth it to view those properties, if possible, that seem toooooooo good to be true.

And yeah, I'm as tech as they come and I love going to Houston once a quarter and taking a 2 foot tall stack of $$ out of our VTM (the machine that people put cash in to loan $ onto their cards that are used by the W/Ds)

I'd like to get some advice to see what anyone would do in my situation and if they would be cautious of red flags.So I'm currently in business with my dad.  50-50 arrangement, we own 1 property  so far and all has be...

Do you know if they were true Zillow employees or contracted out?

If that is true, then you are 100% legit, but I have not actually read the IRS section it was referencing to know for sure.

@Ross Flaharty doing a true calculation will be challenging. 

It depends on what you want to do there are many people on BP who advocate what I consider to be a house of cards with borrowing everything you can to maximize mathematical return. 

First of all, thank you for clicking on this thread, there are a million of them out there and I promise not to waste your time.So here is the scenario:Multi-Family property (4 units) - Listed @ $205,000, on market 65...

I'm not sure where (or if) it has become the norm to allow $198/m for cap ex, regardless of starting condition.It's true that the lower the value of the property, the higher its repair expenses will show up, as a percentage of rent.The other item that stuck out to me is Property Tax: $200/m?