Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.

That kind of attention to detail can save a lot of headaches.Are you focusing on multi-family properties in SA only, or are you also exploring other opportunities elsewhere?

@Olga DaiselI think we are lacking some key details of your plan.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Can you give us some numbers/details on the properties?

Quote from @Chris Shon:Thanks for the detailed response!

The most important step to avoid a catastrophe is to create a detailed contract with your contractor.

Thank you for posting that very detailed experience.

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details.