As a retired CPA, I have seen more than my share of bankrupted RE investors who were over leveraged with many properties.All the more reason to emphasize developing good due diligence practices, having some skin in the game and staying on top of legal requirements, maintenance, finance and tenant screening criteria.

Hi Adriana, Typically, yes, the interest rate does spike, but depending on the borrower's experience and the loan size, you can still get loans at 80% LTV and rates in the 5.75 - 7.50%

If you where going to be able to recreate the orginal layout, you would of been able to do so by the clues left behind by remaining framing, be it the "honey" holes where the toliets once where, the sizes of the holes in the joist would indicate what pipes ran where be it hot and cold supply, toliets, showers and other industry standard tell tale clues. 

Yes, management is more intensive, and 50 units is nearing the size of facility that having a small on-site manager could be a benefit for oversight, management and leasing.

As you said, " a 1920's home generating 6k a month is overpriced at 720k" but a 1920's SF home that is smaller than one of the 3 apartments in the multifamily on a similar size lot for $450k makes that $720k option more realistic. 

Tenant strategy includes screening tenants, offering favorable lease renewals, and considering a buyout option.

I've personally explored this myself but my typical transaction  size is $3-$8M and the required check sizes are too small for their services.

Hi Jason,Depending on the property size there is different software.

Do you require an application and screening before showing the property to save time with tenants that do not qualify?

Mary’s Counties.)The market here is often driven by government and military employees due to the proximity of Patuxent River Naval Air Station and government agencies in DC, The Southern is known for larger lot sizes, single-family homes, and a mix of new developments and older properties.