View report*This link comes directly from our calculators, based on information input by the member who posted.Hey BiggerPockets,I have found a potential deal on a multi-family in Chicago that may cash flow but unfortunately is in a C-neighborhood (and also right next to a major metro airport so maybe noise factor will be bad). 

Also, if the refi appraisal comes in a little higher, there is the potential of there being significantly less overall cash out of pocket for the entire deal.

A potential better option would be a multi-family property that is an STR if you can find it (rather than one big house or a bunch of smaller separated ones).   

Pick different potentials in the same investment market...run the numbers before and have a list of what you need to know or look at, then run the numbers after...depending on the property and intent use one of the calculators on this site for every one...work it as and then use the tool to calculate what it would need to be  --  if they are the same then it might be the right deal.Once you have this then you can move to other surrounding markets easier...just make sure you adjust your assumptions to align with that market.One final note and this depends on your area, here in FL you have to account for what your property taxes "will be" not what they are. 

Getting that right tenant may take a dozen times screening phone calls by potential tenants and showing the house half a dozen times, or more.  

I am looking at a potential of 15 tenant offices to start.

Yes as long as the owner on title wants help then you can potentially support them depending on their goals.

The only way I would take that low of return is if the appreciation potential was REALLY good and the building was less than 30 years old. 

Thanks in advance and happy to be a part of the community.First question: Potentially have a deal lined up before it hits the market and would like to figure out if the valuation is correct.

I am currently making my way through Brandon Turner's property rental book and one of my questions is, during your analysis of the property and initial estimates- how do you account for property tax - or the potential for it to eat up your cashflow at some point?