A purchase transaction will have a more favorable interest rate in connection to the Loan To Value than a refinance.

My comments here are not meant to sting anyone, it's that the scope of the topics was eaiser to comment in a more direct manner and perhaps due to the fact that agency relationships should be well understood, it saved many words to an already long post. :)

But a more specific one is very state specific.

Thank you for the replies so far.I didn't list some expenses because I have no idea how to speculate what they might be.Rent comps are $1100-1300 I have someone getting me a more exact of what the poroperty will rent for, although I really like your idea Matt.I also just got good news with my lender that I can now lock in a 15 year fixed at 3.8% and not mess with the previous ARM.I am heading to Omaha next friday to walk thru this property with my uncle.

I'm just looking to gain a more detailed view of an alternative to being a lender.

Randy is right on, it's a moral compass, what is expected in dealing with others. :)

I have a more in-depth (and awkward) Webinar about it here.

If your PI is less than 50% you have a good chance the other half won't exceed 50% IF you don't have large capital expenses early on.The only way down payment comes into play is to adjust PI.Separate your operating expenses then try to estimate your capital expenses for a more accurate estimate once you start looking further.

I really would like to leave my current job and focus a bit more on real estate and having a more flexible schedule.I'm debating between buying possibly one or two multi units (4unit or less) or buying one small apt building (maybe 9 or 10 units).

If you are an experienced buyer with loads of cash you can generally pick up a more experienced broker/agent.