Searching for Apartment Buildings/ Multi-Family - how do you find/compare deals

[Will F.]

How do you analyze and compare different multi family properties to invest in?

I kind of understand the gist of it as far as cash flow, cash-on-cash return,cap rates, return on investment, GRMs for multi-family. But also how do you as individual investors compare different multi-family properties to each other these. Apples to apples?

What method do you use? Are there programs that you can use to crunch several properties? Do you just put a bunch in Excel Spreadsheets?

I've just been searching loopnet.com and redfin, then asking for financial statements & rent rolls. Looking at cap rates, cash-on-cash returns that allows me to compare them better. Anyone have recommendations on what they look for or where in the due-diligence process you find the most errors, or what to really look for?

Or do you just hire someone to look at them all for you and then pick one.