It seems they get mixed reviews on these forums.Thanks! 

Clear neighborhoods/areas for appreciation, cashflow, or mix both

But I doubt you're going to get much info about the tenant outside their lease agreement, voucher mix, and payment history.

Adjust for any old/new contracts you're removing or addingG&A (Advertising, Office, Software, Etc: T12 adjusted for any old/new contracts you're removing or addingReserves: $250-$350/unit multifamily; $0.15/sqft commercial; $1.00/sqft commerical TI'sTotal Expenses: Sum of all above expensesNET OPERATING INCOME = Project EGI - Total ExpensesProceed to look at multifamily / mixed use sale comps and make judgement call based on (i) going in / exit cap rate assumptions, (ii) $/unit, (iii) $/sqft, (iv) etc.

For those familiar with this market; what is bringing the guests (tourism, professional, mix of both)? 

The land is also already entitled for mixed use so we have the commercial piece as well.

My approach is probably fairly unique in that if the homeowner wants to keep the house and would traditionally not be able to, I point them in the direction of their equitable remedies and have had success helping folks keep their house and work out a sweet deal with the finance company to boot; I've retained a minority equity stake in the properties as a result.In the case where it's a non-owner occupied property and the investor no longer wants the headache, I negotiate either an acquisition in trust of the LLC/Corporation that is holding the deed, or have the deed quit claimed to me individually.

It does seem that is both a mix of a faulty PM company as well as a picky tenant - not a good combination. 

But each month, they would allow tenants to slow pay their rent, and mix that with ******** expenses that carry over month to month, it was always just a net 0 month.

What brings guests (tourism, professional, mix of both?)