Rito, So you want to build an income producing real estate business in 90 days? 

Fair market value must be less than the assessed because it is not income producing right now.If I can get the owner to hold the paper on a non recourse loan with a long amortization period so the property will cash flow, and no balloon, it wouldn't make sense to find a commercial loan correct?

Let's say you have a business plan that specifies that you will invest in properties that have a CAP rate of 10% or greater.You find a property, and the screen that produces a CAP rate of 6.5%, that property doesn't meet your plan, so it's passed. 

Like I mentioned above, sit may have cost you $500 for the inspection but that doesn't necessarily mean the report produced is now worth $500, and in fact they probably don't want it but do need it.

So the MFU will get max(GSI) - least(expenses) = max(NOI).So,  X(SFRs) at say 100k each vs 1 MFU at X00k,  (X being any constant you choose), the MFU will always produce a better NOI than all the SFRs together.For that, yes, you plunk down 25-30%

We also found another 4 units that produce about 11%.

If I change to this format how will I produce reports as follows:1.

A client of mine from Oregon bought an income producing asset in Texas and initially, bought it under a Texas LLC but with time, he found it was so much hassle maintaining a Texas LLC since he still had to pay state taxes in Oregon.Eventually, he formed an Oregon LLC and transferred his property to that new LLC.Whether you go Nevada or something else, how big is your anticipated purchase in terms of units?

Here are the numbers:Purchase Price: $105,000Appraised value: $140,000 (based on my CMA)Each unit is a 1/1 condoHOA: $115 per month Each Unit (Includes Insurance)= 350 TotalTaxes: $1,900 3 Units togetherEach unit has own meter for water and electricAll Units are currently rented @ $650 Each = Total 1,950They need about $10,000 in renovation workThe Idea is to put 50% Down Payment to reduce my Monthly PMT and refinance in a few months later (Have very good credit and financials, but don't know many lenders yet) I own other commercial and residential property, but was done thru regular banks.I Analyzed this deal and managing the units myself, with a 7% Mortgage on the 50%, the unit produces $1,000 dollars a month.

I actually told that to the dufus who was just trying to sell his overpriced complex in the ghetto based on his proforma, and every excuse in the book as to why he can't produce schedule E.