A main thing that everyone should always do during their inspection period on a property is connect with at least 2-3 different property managers so they can get a better rent range/run numbers more other than listening to an agent that might not be as conservative in their numbers on projected rents. 

I then posted YOU did WHAT .. and then that got the conservative BP members to post about how risky that was.

Essentially, being conservative, 75 units at $200 net profit per door gets you there if multi-family is your only investment. 

I imagine the latter would help conserve water usage, but the prior is easier and some tenants don't want to pay for hot water but they could run up the bills at my expense and I'd have to wait 1yr to adjust usage.

I recently renovated my childhood home while being my mom's conservator during her illness and I fell in love with the process.

Generally most private money lenders are going to play a lot more conservative but be able to close faster/make a faster decision on lower risk deals. 

I was told by my lender that these costs should come down more as some of the title fees are conservative estimates at this point.

Conservative debt is a tool to generate higher returns and build wealth.  

So, assuming best case of $425k sale price, and the all in price of $265k...The take away in our pocket would be $85k conservatively after closing costs and capital gainsI need help with how experienced investors decide to keep or to sell.

I'm taking a more conservative approach for now as I'm inexperienced and need to be prepared for any unexpected costs, Thank you Nathan:).