The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

The price/unit in the area will likely be reviewed/analyzed by an appraiser and in fact, could be the main driver of their valuation of the building.

I was at a CCIM luncheon recently and some of my lender buddies and I were discussing that many of their banks are getting out of multi-family because of rising costs to manage the properties...including taxes and insurance.

Their familiarity with the local market and diverse financial products could be beneficial.Huntington Bank: With a significant presence in Ohio, Huntington Bank provides various commercial banking solutions and has a history of working with business clients, including those with complex ownership structures.PNC Bank: As a major regional bank, PNC offers comprehensive commercial banking services and has experience dealing with corporate clients, which may align with your fund's requirements.It's advisable to contact these banks directly to discuss your specific needs and assess their ability to accommodate your investment structure without personal guarantees.

The photo you included is very likely not considered a legal means of egress from the third floor units.

Main thing is to find out where his perceived risk is and what HE thinks will reduce his risk. 

What will it cost to buy the property, how much will it cost to rehab (to include how long it will take), and what will it realistically sell for?  

That includes the connections to help them be successful investors themselves.

However, if you're set on managing it yourself there's plenty of websites and apps you can utilize for rent collection.Some may or may not include messaging for requests such a repairs or maintenance, but if you're looking for rent collection there's quite a few options on the market that are affordable.

The reason I ask about the new NAR requirements is because these investors seem to believe that all offers should include the seller covering the commission.