I've found no fewer than 9 multi family dwellings that are ripe for the plucking but I'm so broke I can't afford a free phone call. by my estimates, these properties combined would net me $8,600 a month in revenue depending on mortgage payments. it is painfully frustrating to see these numbers and not have the knowledge to obtain the capitol to put them in my portfolio.

Phone number (ends in 9292) is on this page: http://www.nj.gov/treasury/revenue/filecerts.shtml. 

Our specialty is small business (1 - 10M in revenue), but quite a few of my clients own investment properties and we are quite knowledgeable about RE and partnership tax law.  

Of course, what they are really interested in is their own fee revenue.  

Did your LLC have to have been in operation for a minimum amount of time and/or have a minimum annual revenue?

My math with your numbers would be more like this:Acquisition:Asking: 290kRepairs: 15k Total Acquisition: 305k Revenue: 28,800Taxes: 4583 
Insurance: 1800 Cap ex: 2400PM @ 10%: 2880 Total: 11,663NOI: 17,137 Cap Rate: 5.6% Cap Rate w/o PM: 6.56% Not a crazy return but pretty normal to see in Miami if you're purchasing in middle to upper class neighborhoods.

Revenue on business compared to other similar ones?

- What percentage of total revenues do third party operators typically charge? 

Therefore, having a current revenue stream will turn to a cost, because I will need to have the property managed.

At the price of $1 280 000 with an annual revenue of 88k, bank won't finance 75% of your purchase price, but rather 75% of the economic value determined by revenue and expenses.