You start with a potential of $25K profit but that does not including cost of money (i.e. lost return from your 401K),  realtor costs, or any unexpected expenses. 

If your engagement is for a year-round advisory, then he should be expecting your periodic need for his time and plan accordingly.Since you mentioned that his firm was specializing in tax planning, and you have discussed your needs, it seems like your requests should not have been unexpected for your CPA.

Seasoned investors are going to look at a retail property or other assets classes and as part of DD look at what is reasonable as a history for a property and how to validate the credibility of rents and others components of a lease.

Hey @Alonso Fernandez Maldonado, I wouldn't recommend getting into anything until you have enough in reserves to cover a few unexpected emergencies.

Still, what I do (which let's be frank, is still somewhat trash) mirrors other comments: square footage, age and life of components, and vacancy rate based. 

You left out the rehab portion which is a major component.

There is the relationship component to it, and it might be short sighted to cut him out, even if you can, if there is longer term opportunity to stay on his good side.

You're competing with over a dozen other studios in your own building... you need to show as best in class and price.On the bright side, January has seen a very unexpected uptick in entry level buyers.

Managing contractors, unexpected issues, big asks from sellers, or a turn in the market.

Also, one of the most often overlooked components of a syndication is the reporting.