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Ahhh....I didn't really think so. Thanks for the reply!

Just read the below comps thread, and then helped a bit...

I just found the local government recorder/fiscal office and have been looking up the properties we are eyeing...The state has the property we are most interested in appraised at 70,000. The owner is selling it at 95,000. Might as well state that the property analysis tool has the property coming up with positive cash flow with a 20% downpayment, and monthly rent coming in at around 2390...

I've looked at a couple of other properties, and the appraisals have come up even with the amount the owners are asking to sell, or they are even selling below the apprasial value. Will the banks appraisal likely be in the same range as the city's? Or could I potentially use the lower appraisal value to lower the owner's price...?

Just wondering what others people's experiences have been! Thanks!

To James: Yep! Found him!

To TC: We plan on taking a grand tour of Akron here in about a week, for a week. I know its not that much time to get use to an area, but it usually doesn't take too long to figure out if an area is really bad or not. And thanks for the advice about the termites...Our main focus area is a 2 mile radius from the University of Akron, so hopefully we won't have to worry about it too much... Would you by chance happen to know of any banks in that area that are good for commerical loans, or know which lawyers to stay away from? We'll be asking his family, who lives around there, soon enough, but I'd love to get your opinion, if possible, as well.

Alright, so I went back a couple of pages in this forum, and I don't think there was a topic posted on this recently...(if there was just point me in the right direction please!)

My husband and I are looking at a 6 unit in a college town, and the place we are looking at is within 2 miles to the university...so chances are, we will be renting to college kids. So far, I've been told to try to rent to graduate students...And we are thinking that anyone majoring in nursing/sciences/math probably wouldn't cause us too much trouble either...

Does anyone else have any experience dealing with college kids? Are they generally worse to have then just general tenets? And any advice?

Hmmm...Can't say that I would be too upset to have someone warn me against buying a money-loosing property. Thanks so much for the advice, James!

Greetings, ya'll. I've been lurking for a couple of weeks, eagerly reading all the great information on the forums, but today I decided I would actually stop being a lurker...

My husband and I are looking to start investing in multi-families in the Akron, OH area...which is in NE Ohio. He's going to be going to school at Kent University, which is about a 15 minute drive from the properties we are eyeing, and once I get back from my second deployment to Iraq (We are both in the Army - though he is getting out to get his degree and become an officer), I'll be attending to Akron to get my degree. We've found a couple of properties to our liking so far, and using the analysis tool provided by BP, they both seem to be good deals. 2 in particular stand out, both 6 units, one we can easily afford with the 20 % down payment, and the other one, which we can do the 20%...not so easily. We've also started to contact some banks for financing the 80%, and are currently looking to either use Commercial Direct or National City...If anyone has any experience with those and has an opinion , it be much appreciated.

We've been studying up a bit these past few months, and I hope to have the property purchased by the time college starts for him, and before I deploy once more...Here's hoping!