Finding multi family off market is tough, you will be competing against people who have way more experience and means to find them. 

The LP still has to meet the material participation rules in order to take full advantage of the depreciation losses even if they meet REPS. 

So all things considered, the 5% and 6% returns don't sound terrible to me, especially given the costs of selling and where the market is in general (high prices and relatively high interest rates).The 1.5% on the other hand is pretty tough to swallow.

Flooring: A lighter or mid gray lvp to compliment (~$3 sq ft material) Cabinets: White shaker style (Lowes/Home Depot, Readily Available with little lead time) Countertops: White Quartz with black veining to match black matte finishes if the return on investment is there or just a nicer laminate (calacatta marble natural stone look)Finishes: Black matte for a modern look or the classic brushed nickel.

In todays markets the ability to refinance is tough given banks have tightened down on lending, and mortgage (personal or Commercial) rates being what they are.

For anyone that didn't know, I figured I'd throw this out there because it's not apparent, but it is true.Cody's "Deal Automator" is RealEFlow with the following changes:- It's tuned to Cody's marketing material, but you can upload and build your own.- It's capped at 5 prefab websites that you don't need your own hosting for.- It doesn't seem to have access to RealEFlow's newer features, which are monthly add ons.I bought this thing 3 years ago for a one-time price.

sometimes i see people "overpay" - IE, pay more than I would - but, maybe they know something I don't, or have a skill I don't.and while I think the role of institutional investors has been largely overstated, they are definitely still one important factor, especially in certain markets.i think the tougher, riskier strategies still work, but i don't recommend those to beginners... because they are tough and risky.

You will constantly hear of  shortcuts during construction and the conscientious decision to use lower quality materials during the renovation. 

And I put all quality materials and high end finishes throughout.

Okay, that IS a really tough job, I can see that draining one emotionally.