We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.

I'm terrified enough of doing this out of state, so I am not interested in additional complexities with BRRRR.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

In addition I am giving him freedom to explore (to a certain extent) on my dime.

@Frank HinckI’m trying to understand the cost of fees, interest, points, as well as holding cost associated to the deal.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

Please DM me if you have any additional questions. 

Be prepared to come in with additional cash to close due the the appraisal.   

That said, if you feel you want to go above and beyond, then could could try contacting some of these apartment complexes directly and confirm her story with them but if you can easily find another qualified applicant why would you take on this work and additional risk.

For example, I see newer investors attempting wholesaling or bird-dogging for other investors to generate additional income to invest.