Long term, we want to establish an on going relationship with our selected attorney.  

I'm planning on going to the auction for the sole purpose of learning. 

I am looking for a person to function in this role in an ongoing basis as well. :) 

Below are the details:Ask Price:   $2,595,00025% DP:   $648,750Monthly P&I (30 Year Amor @ 6%):   -$12,897.15Annualized Market Pro Forma NumbersPro forma Rents (24, 2/1 units at $995/month):   $286,560GOI with Vac/Cred at 8%:   -$24,357.60Pro forma Expenses at 30%:   -$85,968.00NOI:   $176,234.40P&I:   -$154,765.80Cash on Cash Return:   $21,468.60Deal MetricsCap Rate:   6.79%Debt Coverage Ratio:   1.14Cash on Cash Return:   3.31%Cost Per Door:   $108,125Adjust Rent/Price Ratio (per door basis):   0.9202%My MFH investing education is still on-going, but it looks like the seller is trying to sell this as a stabilized asset.

I was able to complete a successful house hack BRRR over the course of almost 3 years.So I plan on going back to school to get a job that would be more convenient to have a family and more free time for REI.

It also lets you have more units at less addresses than you will need at SFH's.Always do a worst case scenario when you are evaluating a property when you trying to decide on going forward with a deal. 

Just keep on going and hope you will balance that bad experience on the next job or maybe go positive and learn any errors will hopefully not hurt you again. 

Looks to me like it would be marketed mainly to owner-occupiers, who won't mind the negative cash flow, because its ongoing cost is less per month than if they were to buy a new SFR instead.What doesn't look right about the report?

The total IRR is higher because you generally have principal pay down on the note, some mortgage interest deduction, tax depreciation write down, and ongoing (hopefully) rental increases.

Would you prefer an ongoing 20% ROI, while not expecting any increase in the value of your original outlay, or, would you settle for an ongoing 10% ROI, while counting on (uncertain) future appreciation that might compensate you for the other 10% that you could have been getting from day one?