The property will show its age by a bit of deferred maintenance or functional obsolescence.

ü The establishment of an internal or third party independent audit function to test for compliance.

I don't understand, if you have capital to put 20% down on $3 million worth of assets, why are you wanting to operate in the small multi-family arena, where value is a function of demand, rather than larger multi-families, where value is a function of income?

Compute the IRR for those different scenarios (can compute with excel function).

The house is a bit funky and contains a full functional living unit on the second floor but the ground floor, (basement), which is on a slab, seems to have been remodeled at some point, but not at all finished.

I follow the six principles outlined in 'The Miracle Morning' (Silence, Affirmations, Visualization, Exercise, Reading and Writing).  

If you think the prime will only be 2.5, then discount accordingly...How we get into deals is a function of how we get out.

I believe it is not less than 30 based on visual memory.  

I was using the app on my phone and it doesn't appear to support the mention function. 

-Sidewalk visual inspection - No apparent major issues/looks well kept-No rent controlBesides inspection/title search and other basics, are there any other formulas, things you like to ask for, things you've learned from mistakes with multi-units, etc?