Investment Info:

Single-family residence buy & hold investment in Casa Grande.

Purchase price: $106

Cash invested: $22,500

This home is a two story beauty! Beautiful kitchen that opens up to fami...

Yes, we have recently purchased in our own names with a HML, performed renovations, moved into it and then refinanced with a conventional lender.  

PS, basing your choice of lenders purely off the quoted rate doesn't tell you anything about their performance.

I believe I need to find a no-money down seller-financed deal to use and improve.

Numerous improvements and upgrades.

As it sits now, without making any improvements, its clearing the 1% rule at 1.35% (5 units at $380, asking $140,000).2.

Commercial property usually allows the tenant to make improvements suitable for their business but you need to set limits, establish an approval process, and decide what happens to the improvements when the tenant leaves.You can get by treating it like a residential but I highly recommend you learn how to run a commercial property and get all the benefits of that investment.

Also there is a seasonality involved with March and April typically being our highest performers due to the events happening during that time.

As crazy as it is to see Philly on the list twice, the crazier part is how much room there still is for improvement.  

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.