Debt service would be at about $9,886.Based on the expenses provided it would be a great deal but having the conservative approach, being that its a small multi lets assume 40% for expenses.Income- $22,620Expenses- $9,048NOI= $13572Debt Service- $9886CashFlow= $3686/ year, $307.17/ month, $102.39/ unitAny feedback will be helpful!

Based on that you can house hack yourself to a 4-plex live for free, bank all your work income while utilizing your cashflow.

And I find it interesting that past apartment syndicators have stepped back from the market when they can't buy based on a rule like that.If we have another nasty recession like in 2008 I think it's likely that people will not pay an extra $100/month in rent for an upgraded kitchen.

The CAR forms are pretty good, but are based on CA laws and you'll want to be sure to have a contract per OH laws. 

I am based out of middle TN, so I'd love to see what areas you're looking for.

I am looking for any and all evictions that have been filed based on locations.

I am looking for any and all evictions that have been filed based on locations.

In DC the transfer/rec taxes will be either 2.2% or 2.9%, based upon the value.

For instance: I have 1.5 acre lot with a $5k accepted cash offer from the seller... tax value is 30k and based on comps looks like 20k would be doable.

Sorry if this is a rookie question and I understand there are a million variables but if someone could share their expertise based on experience it would greatly help the design of my strategy.