My contractor called me and recommended replacement as the unit was old and the repair would be over $1000 on a unit that was starting to nickel and dime me. 

So, here's the set up - I recently scored a new job and my ideal situation is to start shopping for investment (multifamily) homes in the next 6-8 months.

My return is 7% when you run numbers the right with vacancy and repairs.

For off-market commercial deals, it's very common for there not to be a buyer broker involved, and if there is one involved, it's common for the buyer to be paying for it out-of-pocket.After the CRE broker gets the listing agreement, they will shop it directly to their exclusive list of investors.

so a triplex/duplex only requires the same review as a Single Family home.So, I'm just building an excel spreadsheet with best/worst case budget #'s for each step in the process,  get an approved set of plans and then I'm going to shop it to 3-4 builders I already like in my area.   

Hi All,I need some advice...I know there are basic %'s for Vacancy, Repairs and CapEX (5%-10%) when analyzing a deal. 

Of course not.I give the contractor the tenant's contact information and they schedule a time to make the repair.

The owner isn't going to repair anything. 

I've seen more that one addition where the proper repair involves a bulldozer.

I probably lost over 100k in the 12yrs of owning said properties during the housing depression, i just dont want the same thing to happen again to me, so i have been trying to be picky with my selection of next houses, i have come close on a few, but due to not able to pay 100% cash on those deals i was beaten by another investor, but honestly i feel the market is just to high right now...I bought a house local to me for my mother 2 years ago that needed about 5k in repairs, for 100k even.. in 2 years the market is now saying this house is worth 133k, just seems like to high of a rise...