But I also got to check out the condition of the apartment, and walk through the common spaces making sure all seemed well.3: Yes, I love Cozy!

I am using the Rental Property calculator and have run multiple scenarios and still have yet to find a scenario that makes a purchase worth while.

Not picking on you, but can you try to cut out the BS and just ask real and direct real estate investing questions instead of hypothetical scenarios?

I've seen other tapes just lump in everything with corporate advances.Deferred Principal Balance - as Bob mentioned above, this is common for loan mods.

@Vinay Kolluru, this scenario that you described would not be a fit for either  the Fannie or Freddie small balance program.

Eventually I would like to buy the other 6 units up, of which each are owned individually.I have experience with Apartment complexes, but have never been in this type of scenario with 75% ownership of an existing HOA.Can someone help explain this to me?

Scenario 1: 2 houses with mortgages, very minimal but positive return on both ($4k annual net profit) Scenario 2: sell 1 house, use equity to pay off other house ($14k annual net profit) Which one would you do?

As a result, I want to lay out a scenario I hope to create (let's assume I can create the scenario below) and I am asking feedback on all of the things that could go wrong that I should anticipate/prepare for: Scenario:5 fourplex properties = 20 units (average $900/month rent) - Looking for cash flow not necessarily appreciation for these properties$1.5MM in investment property debt (Average purchase price $300K; Market Value $400K)$500,000 equity across properties (Average $100K)Loans: Conventional fixed rate or seller financing fixed rateRental Income: $18,000Mortgage for all properties monthly: $10,000Cash Reserves on hand: $200,000 (separate from the equity in the properties)Reason for Scenario: My purpose in stepping away from a full-time job would be to start ramping up flips to pay down the mortgages over time.

I should say though that this deal looks like a best-case scenario rather than what to expect on a typical BRRRR deal.

Seems to me 2 bedroom condos use more common resources and should pay more?