Keeping all expenses (except debt payment) equal.You can crush the stock market using leverage.

The closing costs for FHA are out of this world so I wanted to go conventional for a few reasons Smoother closeI know I can qualify for the mortgage amount if I can burrow money to put down and eventually give back of course :)Stronger deal than FHA ___________________Rents $2495Unit 1- $895Unit 2- $750Unit 3- Vacant Unit 4- $850Expenses Property Taxes : $245/moInsurance : $227/moVacancy : 5% (extremely strong rental area)PM: 7% ($171.50)Lawn care: $50/moReserves : $100/moCap ex: $100/MO (very well taken care of stainless steel throughout, roof 5 years old, new paint, HVAC 5-6 years old)Expenses $893.50(Income) Rent - expenses =  (NOI) $1476.75Mortgage- $969 (With bridge loan or other burrowed money 30% down (87k) 70%LTVNOI - Mortgage = Cashflow ($507.50)Bridge loan payment - $580/MO87k at 8% 2-3 year balloon -$72.51 cashflow with (bridge loan)$507.59 cashflow without bridge loanKeep in mind I did this for only 3 units, I will be owner occupying this property or should I not?!

I am out in Cali, and everything is expensive out here.

I know the majority of the information I need to determine what I'm willing to pay (income, expenses, back taxes, etc), but I need to find out how much they bought the note for and what kind of margin they may be using as a baseline. 

Obviously sales price and general info on the property is easily accessible, but I always have trouble calculating monthly expenses and mortgage rates. 

I've heard that SouthPark is a nice area as well, however properties look a lot more expensive based on what I've seen on redfin.

Is there a way you can lower your current living expenses and pay down a lot of the loan debt in the next year or two before buying a house?

In upstate NY we take it very seriously & I will not touch properties that are beyond any reasonable expense to remediate if not done & certified already.

From what I understand, the repair expenses get added back to house basis price.

You need reliable labor, expensive machinery, a comfy reserve, and farming and farmland are probably one of the least profitable real estate investment strategies... at least from my sights.