Things like the 1% rule and other metrics are a good initial barometer, but there is a lot of nuance to these properties. 

You use the funds of others to fund the deal, you do the work with rehabbing, renting, and managing side of the deal and both you and the initial investor whom invested their funds split the profits 50/50.2.)

Begin your 'pre qualification' process for the acquisition now (most commercial lenders won't issue a PreQual but rather a LOI) In general, Commercial transactions can take longer due to extended due diligence, appraisal, environmental reports and financing (60+ days) so you'll want to initiate your search during the marketing of the down leg as it can cause a tighter timeline than a residential transaction. 

Nearly all of the items they brought up were items they chose not to fix on their initial inspection that they are now have an issue with.Still a pending case but a couple lessons I have learned along the way...1.

Seller initial asking price was $2M and we negotiated it down to $1.825M.

Cleaned, updated and added new systems throughout initially.

@Kar Sun, here are my initial thoughts:1.

The most expensive backlink pkg include four months of backlinks after the initial service if memory servers me correctly.

This year I signed up for sessions there like underwriting multifamily and cashflowing multi family in high rate environments and I'm excited to hear what they have to say, plus it's in person so lots of good networking to learn from others.

I'm invested in their last multifamily fund and that fund has not paid out distributions for close to/over 2 years, my equity is less than the $100K I initially invested since the value of the properties have gone down AND in the last newsletter Brian Burke planted the seeds for a POTENTIAL capital call in the future (contrast to the 2023 newsletters about having a fixed rate for a few more years and a long runway).