I have heard of instances where one (the borrower) is allowed to choose the appraisal company or put in a recommendation for one which the institutional bank may honor, and then the person already knows someone there, that they have gotten to know with time from other projects, and it's not unnaturally inflating value but favoring a good one to keep the reoccurring client.  

For a multi member LLC regarded as a partnership, it’s also a pass thru entity.  

  $50/sqft for a full interior and functional update, $100/sqft for a full gut down to studs, $150/sqft for newcon .If these numbers make sense I would want to visit the property for a true estimate, where it would be line item work scope development. 

You will nitpick all new tenants and never choose one.

If you dont like the idea of house hacking Id say maybe start with a duplex or something and maybe work up to a small multi unit.

I'm on the hunt for my first multi family.

Investment Info:Large multi-family (5+ units) other investment.

If you have a large (i.e. a lot of multi-generational family members) and/or luxury unit I think you should definitely do it!

The tenants may not like the timelines or outcomes of the repairs - part is on back order, they have to pay for the repair due to abuse, the owner chooses to repair instead of replacing.

I’ve had it where they went and did a special project just to look at multi-family properties to bring them more into agreement with todays valuations, etc