However, this just makes my decisions even harder because I cannot get a good grasp on what my goals should be prior to purchasing.I can see how including many investors into the equation can make it difficult, but what if we simplified the scenario by just using 2 investors, me and a friend.  

I need to get a better grasp of the laws!  

There are a lot of really good books out there that one can read to get a grasp on REI before jumping in.

Having grown up, and now work with a family that owned/owns several multi-family properties I trualy have a grasp of this market and what it has to offer.

Peter is an investor himself (though not in Multifamily) so he has a pretty firm grasp on what an investor is looking for.

I have a guy that works way cheaper then he should and does them for about $1300 labor which I know is crazy so I am trying to get a grasp on reality when I start shopping rates again.For a small full bathroom we typically do a complete gut except we keep the tub and reglaze it -  Labor usually consists of ceramic tile shower surround/tile floor - new toilet,light,mirror,towel bar,faucet, shower head - trim and painI know this is region specific but just interested to hear others

I believe the cost approach is something that no one has fully grasped.

Richard Chan I wish when I started that I would have truly grasped the idea/fact that real estate is a business that is built over the long haul!

Really get a grasp on a large cost, such as adding A/C.

It's free and you can find it here https://www.biggerpockets.com/real-estate-investin....If you read through that and link to all the posts they mention and listen to all the podcasts they recommend, then you should have a fairly firm grasp on the basics of wholesaling and renting properties AND have a pretty good idea of what next action steps to take.