Edit the analysis to reflect all units rented.What is the rent for each unit?

It is sometimes used as a re-application on metal roofs as well.The aluminium increases the reflective value of the roof and offers some protection towards the inevitable UV toll on the rolled roof.  

Also, your Insurance needs to reflect the changes so talk to whomever is doing your insurance.2.

Having said that:This property is listed as a 3BR in Lawrence, IN, but was once a 4BR so the ARV is boosted to reflect the extra bedroom.

Cap rate is reflective of the risk of the asset, assuming it is in performing condition.

Unless the seller doesn't have the money to pay it and you've agreed to pay them .. and the attorney already knows this and is reflecting this in his 'quote'.

When you reflect on this issue, investors can invest with a large number of Real Estate Investment Firms that set up “shell company” Special Purpose Entity [SPE] LLCs, that tell the investor their money is at full risk and they can lose all, and if they invest in that set up and the project fails the investor has absolutely no recourse, no coverage from any other company of the sponsor and has lost all.Doesn’t it make a lot more sense to go with a Realty Sponsor who puts the full faith and credit of their firm and its 13 year history behind the separate project with a corporate guarantee showing they believe in the project, showing that they back the project, and stand ready to guarantee the project with their monies in the event of a bad result?

And then the closing docs reflect those percentages.

I've reflected on my journey and starting with a very small Multifamily property is sound. 

Spruce the entire property up both inside and out to attract and reflect the higher quality of tenants.