I'm a student of Ron Legrand's brand of real estate investment strategy that lends itself to moderate to complex transaction types such as; wrap loans, subject-to purchases, option leases, and contract for deed.

I have a 7 unit complex under contract. 2 units are rented, 4 are in move in condition, 1 needs rehab. my question is, when im dealing with a bank/lender, are they able to use fair market projected rents (just like I did) when underwriting and evaluating the property for financing?  

That being said if you had to defend it in court and had a “buy/sell” agreement , comps, trulia/realtor.com/etc  And they were all close I think you would win and set a precedent which may be what the irs is waiting for.

West side of Cleveland, Oh
9500 lorain ave cleveland oh 44102
Needs FULL rehab
Comes with paved parking, very RARE on Lorain ave, also come with drawings and plans, over $20k value
13 x 1 bedrooms ($600-650)
2 x ...

Since real estate investing is so complex (not difficult) it is hard to give someone advice on what they should do to get started.

just try to buy an apartment complex.. the listing agent ( commercial broker) will run the apartment by his own buyers first and foremost.. 

Hey Paul...I don't know what area your property is in but we are nearing completion of a 28-unit complex (+/- 30,000 SF) in the Midwest and including the land, the total cost is coming in at $90.00 PSF.

Round Rock has it's own economy due to Dell, Samsung, and a number of tourism opportunities: Dell Diamond, soon-to-be Kalahari (largest indoor water park and convention center in the US), sports complex).

The data isn't that complex. 

Aloha, our family currently owns a multi-complex in central Oahu, the whole house is being rented out.