I have spent some time trying to understand how to determine my true cost of capital but not sure if I am doing it correctly.This is the calculation I am doing, if possible please let me know if this is right or I just made up my own magic formula:Loan for $225,000 @ 3.25% = $10,562.50Paying PMI @ $155.78/month x 12months = $1869.36$10,562.50 + $1869.36 = $12,431.86$12,431.86/$225,000 = 5.525%Also, I appreciate the wisdom in regards to financial ratios, carrying costs, etc etc.

Unlicensed brokers are a dime a dozen and the reason is: they are mostly worthless.

The reason I say that I am an Investor friendly Agent, is that I know time is of the essence, in every which way of the phrase.

-What's a reasonable credit requirement for this [lower income side] area?

I would rather work with someone like this for many reasons but mainly to learn from the successful individual.

I got a house under contract with seller financing but I'm marketing it to individuals that can't get a loan right now for various reasons.

The reason I prefer this have to do with taxation.  

There is a reason that only 10% are in the B and I category, because it takes hard work, dedication, constant learning and sometimes a little luck too.  

The reason I sold was that I was self managing and moved too far away to conveniently manage it.I have continued with multis on the premise that more units under one roof, one structure to maintain, and one set of plowing produces a better return. 

hence the reason for joining Bigger Pockets.I look forward to exploring all that this site and group has to offer and hopefully be a good contributor to this group.Regards,Rob Wodogaza