@William HustonLot of that depends on your goals and a big part depends on rent to value ratios in your area.  

View report*This link comes directly from our calculators, based on information input by the member who posted.basically analyzed this deal best i could just started analyzing rental properties..loopnet ad barely had any info i just found some pictures on the inside and realizing that you would need more then 15k for rehab since it looks like it needs new cabinets in kitchens  would all depend on getting the deal right. ... thanks for any suggeestions and please let me knoe any good cities you guys think i should be looking at !

Sometimes depending on the county and type of auction you may only need to come up with 5-10% the day of and the balance a few weeks later.

This scales your investing.Forces you to network and depend on a team leading to relationships = more businessForces you to develop communication and business systems to stay on trackConsNot as easy to physically be on site if neededReally it comes down to how you want to invest.

Our planned purchase would both NOT be dependent on the sale of our current home, but would also NOT use the income from our current home.

an agent is representing a seller he makes zero money of leasing (well maybe some depending on the state?)

Hey Tate, here's what my commercial lender @ US Bank uses for pro forma debt coverage calculations if he doesn't have 2 years and YTD historical data (basically, seller's schedule E's)Vacancy: 10% of gross rents, unless there is sufficient market data at the bank's disposal to justify lower vacancy rates for the type of asset in question, OR detailed historical vacancy data from seller.Management: 3% gross rents or actuals, whichever is higher, with property management agreement provided to close.Cash Reserves: 3% of gross rentsTaxes: Actual data used.Insurance: 3% of gross rents, or as shown by insurance policy.Operating reserve: 20% - 25% depending on the type of asset and amount of historical data provided.

Down the road I’d shoot to house hack just outside of Boston, but my option is strictly flips for right now (possibly BRRRR depending on Mortgage options)

I want to try and get as many contacts as I can because from what I’m hearing it’s always good to have different lenders depending on the type of project.

GusI think some of it depends on your personal preference.