I need some help from other savvy minded people on a specific deal I am considering.

I have a very specific question regarding CMX-1 zoning in philadelphia. 

Hi fellow BP investors. I'm currently looking to flip a house or two in my local B class neighborhoods. For context, the ARV I'm shooting for is $325,000. This is my first deal so I'm trying to be cautious but also no...

Appraisers are more inclined to use a sales approach in valuing a triplex than income approach and even if income approach is utilized or is part of the valuation process, the cap rate that's used will be specific to the neighborhood with higher cap rate utilized in lower tier neighborhoods. 

I would specifically look at the incomes of the area. 

Since you're already active in Miami, you know the margins can be tight in high-cost markets, so if you're open to relocating and want a market with more breathing room on purchase price and rehab costs, I'd definitely recommend looking into Columbus, Ohio.

Even if the general trend is strong, a specific property may not perform as well, and vice versa.

Buying a house for most people is a matter of a known number their income is divided by. As you already know, most people rely on getting a loan to buy a house.The lenders have to underwrite to FHA, Fanny Mae and Fred...

Of course, normal profit margins are needed/expected, so the loan cost is usually capped at 70-75% of ARV and that right there is the margin of safety.

I'm not saying this to say anything negative against your specific deal, you, or the idea of padsplit in general, we just saw something very similar happen with furnished mid term rentals and short term rentals and we've had a lot of conversations with owners the past 1-2 years about taking their short term rentals back to traditional rentals because it just didn't make sense anymore.