A lot of mistakes can be made if you do not talk to the right people and use preventive maintenance to avoid problems.Multifamily rentals are a great way to use the more doors more cash flow method.

I suppose one method would be to use seller reported figures but that wouldn't be prudent for many obvious reasons. 

The next downturn could be a repeat, if the subsidies dry up and the dumb money stops coming in, propping up prices. 

This method saves time and keeps a record of everything you or your employees ever told them. 

I agree with @Michael Plaks that the pricing should be discussed prior to the start of the engagement.My firm does not like the hourly invoice method because I find it can potentially cause anxiety to clients who may not know the final price.if you were a nice client and paid an hourly fee, maybe there was a lot of time towards 'setting' you up as a client(inputting your properties, prior year carryforwards, depreciation schedule, etc) which won't be a cost for you going forward.Best of luck.

That's why I'd rather focus just on the very few high $$ properties each year, rather than battle it out with the "regulars"on lower priced stuff, I think you're often better off looking at the other methods of finding them, OR maybe putting some effort into it but its no easy game there at all.Lastly, if you want to hear a TRUE story of FAILURE at the auction, here's one that happened to ME!

However, you would need to speak/hire a securities attorney first, determine which rule you're going to use for your syndication, and then start talking to investors based on methods the ruling dictates to use.

Your goal when renovating is to create a warm, comfortable and spacious environment.Typically this is done by using good lighting methods lighter colors with some sort of accent color and creating an open floor plan.For flooring, I would recommend using a lighter oak color.

Are you both using your methods for 20+ unit apartments too?

This would only be a 1-2 year plan as I work on building other income streams to leave my first responder job.I also want to acquire lots of SFH and small MFH over there using the BRRRR method as I build more connections.Thoughts on this plan?