I'm not a CPA, this is just my understanding :) 

You’ll often see sales with 100-200% swings within the same area, which makes having deep local knowledge and understanding the nuances absolutely critical.I do this for a living, and even with experience, comping in Detroit can still be challenging.

If you are new to this particular strategy, you might be confused, but this is just a simple strategy that you need to understand and be aware of, most particularly if you are an investor or a shareholder.

The book is useful for understanding how to structure deals, assess risks, and think like a lender, rather than just an investor.Pair this with engaging in forums like this one and attending local meetups to put what you learn into practice.

Be sure to work with an agent or broker who understands your local market, and consult with a professional who understands all applicable tenants-rights laws related to your transaction.

Understand your costs and the value of your tenants before negotiating lease increases. 

That attorney should have creditor rights background in the state to understand what you can and cannot do. 

Tell her to talk to her managing broker about it if she doesn't understand.  

But I appreciate that those who have found their footing in real estate and are doing it successfully want us newbies to understand it takes work and at least some capital.

As I am considering my offer, I am trying to understand how much to budget for attorney, title/closing costs etc?