There are tons of list building tools out there, Propstream is the most famous, The Share Group is my personal fav, they can provide just the homeowner info and some (not all) can provide phone numbers.

Verifying rental history often takes a long time tocomplete due to applicants not giving us correct landlord contact information, landlords not returning our callsor refusing to give us any details.We also deal with applicants trying to have family or friends pose as theirlandlords.

If you are correct, I think it's far more than just the multifamily market that will be in trouble.

It's generally a useful tool for an investor who is estate planning and has a step-up in basis event on the horizon and can liquidate out of the REIT easier than out of the traditionally held property. 

While I’ve gained more experience in real estate over the past couple of years, I still want to ensure I’m handling this situation correctly.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

These are great for setting expectations and as management tools (especially, if you actually set those amounts aside), but they aren't ACTUAL cashflows (even if you do set them aside).

For an off-market deal, the broker doesn’t necessarily have a fiduciary duty to me if I’m the buyer, correct?

You are competing against hosts with the tools to provide the guest experience needed.

I am currently thinking that the ARV of 160-165 is accurate and I will be able to cash out refi and have no money into the deal but you are correct it will be a cash flow negative.