Hello all, I am struggling to analyze multifamily deals in my area.   

My recommendation is to not only read books, but just continue to educate yourself in anyway possible in network with others who have been doing it for a very long time.

You may be under or over as the market continues to shift!

For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.  

Many though, struggle to understand our market and the US culture of tenants.At the first negative issue, many panic and either want to sell or terminate us:(It can be done, but depends on your team and YOUR management of the manager.

My long term investing goals are to build a portfolio and continue investing with my husband after this project.

I have saved $25k over the last 18 months and continue saving $1500/month from my job.

Here are my thoughts on your questions:Pain Points: Many investors struggle with quickly analyzing deals at scale.

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

In the meantime I will continue the search for a new PMC and talk to our lawyer with the intent of filing a suit since odds are it will be needed.