I often refer to that as "The Rest of the Story."

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

3.Rent schedule available, as well as lease and income reported to the IRS4.Not sure by what you mean doing it through the city, are referring to rehab permits?  

But enough to make to do all the cosmetics along with a few major items like HVAC, appliances, etc.

For reference, my property was only about 90 miles from Peoria.

I work with a lot of other real estate related businesses and closing teams that refer business to us. 

So, in reality every month your moving close and closer to sucking out months/years of profits via items aging out, cap-x coming to bear. 

Most new construction deals require you to give up to a 10-year warranty on some items while most fix and flips come with very little extended liability after the sale excluding gross negligence which is not stopped by an LLC in any case.

Own every nice toy, item, apparel, everything imaginable.

A good PM can refer you to top sales agents in the market, they can tell you what type of rentals are in demand, they can tell you which areas are best for investments, and they can cross-check what the sales agent tells you about specific properties.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.