I’m in the early stages of putting a team together with the goal of aquiring multi family units in central Iowa.

I have personally used him and his team several times and they are top notch!

For Investments you want to balance equity and leverage.

Refinance at the start of Year 2; $185k ARV * .7 = $129,500 - $50k balloon = $79,500 + $12,744 [cash flow from rent with new mortgage] = $92,244 cash flow Year 2Sell in Year 5; less the balance due on the amortization schedule $121,909 = $63,091 cash flow Year 5The present value is now $135k which means that if I put in $140k at the start ($80k purchase price + $60k rehab costs) I overpaid by $5k.I realize there are a lot of limitations to this, for starters I didn't increase the rent at all and I assumed no appreciation beyond the ARV.

The market value is about $300k and the balance on the loan is $165k.

Hi team, I'm looking to invest in rental properties (SFO, condos, multi units, etc) outside of CA.

@Tim Swierczek, is this something your team offers?

I would think being flexible and developing other opportunities that are working, different niches, markets and even teams w/experience may be just in order. 

With this income, I have finally balanced my credit card situation.

You can definitely negotiate with the same vendor as a team, but have separate service contracts for trash/plowing/landscaping/cleaning.