@Steffany Kluttz, I'm happy to hear that you're looking to get into Multifamily. It seems like you're headed in the right direction. My tips would be to look into different groups and pick one that fits your needs
1. As @Brian Pownall mentioned above, Dax over at Heritage Construction has a great tool to help with Cap Ex items during the underwriting stage. Our acquisition manager uses it to get a ballpark figure for certain repair items. See the link below.
https://www.capxact.com/#/logi...
2. I'd say that with the right network and mentor, going bigger is very doable.
3. I'm a member of the Think Multifamily group which is based out of Dallas, Tx. When I was first looking to get into Multifamily, I knew that investing in a mentor would significantly cut my learning curve. I did a lot of research into various groups, and found that with Think Multifamily, I could go bigger faster. They offer education, access to the members of the group who are very collaborative and helpful, and direct access to Mark Kenney himself.
4. For the DD aspect, your local PM can usually help by doing lease audits, and physical DD. Personally, we've used Heritage Construction for our Physical DD process. We usually engage a PM company during the underwriting stages to get their thoughts/feedback on the property, area, market, and financials.
Feel free to reach out to me if you have any questions, or if I can help out with anything! Best of luck!
-Jeffrey
