. $1Mill NOI/ 10% market cap rate).In a way, the mechanics of valuing apartments are conceptually the same as single family homes.

@Ernes Sahic while you can certainly get lists surrounding pre-forclosures, short sales, probate, Evictions, Loan Mods, Tax Sales, Divorces, Hospital Liens, Code Violations, Appointment of Substitute Trustee, mechanics liens....I mean you can even get a list of people who had their water shut off....but I don't think there's any service out there that will provide a list based on if the property is a 2-4 unit property. 

But for the mechanics, a “front and rear” property I’d much more difficult to divide than side by side.

Older buildings are more expensive to rehab, some of the structure does not meet today's codes, therefore required all new mechanicals having to dig up streets to install outside plant first.

I think I used the '$35 late rent is like free money' as a coping mechanism for having bad tenants who stressed me out. 

I want to make sure we clearly set up the expectations for the deal and the joint venture agreement seemed to be the right mechanism.

Plus, my experience is that they only cover mechanical items and appliances. 

I have done basic analyses using numbers from flips we've done in the past, however I need to see the house and it's mechanicals to be more accurate.I had one thought: put a post on Facebook to ask if anyone would be interested in being a house-walker for me.

Is it already gutted with the framing exposed and all mechanical and electrical demolished and removed from property or will you need to scrape it to the studs?

Hey all, I have started off by investing in single family and work professionally on large multifamily and high-rise buildings professionally as an HVAC mechanic.