Last year I paid cash for an 8 unit value add that initially wouldn’t qualify for financing.

Hi Michael, This answer depends on the initial purchase price, rehab cost spent, and the ARV.

Personally, I've been looking into more fixer-uppers and value-add opportunities where the initial purchase price is lower, and the potential for appreciation is significant.

This creates a negative initial position.

To highlight the basics of DD, we like to break it up into 4 areas: financials, initial walkthrough, compliance, and paid inspections/services.We like to begin with the items that require just your time, but not money.

My initial thoughts are, how is this true? 

I can't tell from your initial statement if you're talking about one property or two. 2/1's can be good for travel nurses, especially for those who want their own space.

Did not foresee having to update ALL the windows (initially thought only a few were bad), but all of them had seals broken.

Here are some initial thoughts:1.

Initially, I considered investing in multifamily units, but they seem to be hard to find in the current market.