In Florida, we have to contact the property appraiser to determine unit numbers, because that is what the sheriff's office looks at when they execute a writ of possession to remove a tenant in an eviction. 

I spent 25 years as a banking executive with a focus on real estate lending and special assets and this gives all of us who work with investment groups a black eye. 

I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through &  find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

Execute the plan, build the units, get the long term financing that covers the extra builds, collect more rent and lastly, increase your net worth substantially. 

But the barrier to executing it is high since you realistically need a high amount of cash on hand.

That is when these significant changes started being manadated from executive level, for example mandating changes to what data is and is not utelized in CPI read, or what data is or is not used in unemployment numbers. 

2)  Does the PM have a licensed agent on staff to act as the liaison for the insurance placement? 

Depending on how the owner financing was originally structured, the buyer will get title to the property for the first time or the seller will execute a Satisfaction of Mortgage indicating the mortgage has been paid in full and releasing the lien on the property.All the best!

Identify your ideal properties and establish a trustworthy team to assist in executing successful flips.