It took them a while to catch on with the process, but this year alone, I see the frequency of short sales surpassing that of REO property.

Do I need to spread out my frequency?

Many times the seller will just say something like insurance inspectors are here to take a few pics etc.If the adult is not there do not enter the property.Do not even step one foot in there.Did you review the rent rolls,vacancy loss,turnover frequency,late pays,strength of the existing leases,etc.???

A majority of the rentals are 1 units.What happens is one units people move a lot.With a 2 bed unit even if it's a couple with 2 kids you can put a bunk bed in there and the space is fine.With 1 units rents don't appreciate as much and the turnover frequency is very high which is probably why partly the cost are so high.Another key factor is are the utilities separately metered and billed or does the landlord have to include utilities in the rent payment.I specialize in multifamily and this is a key component and a concern for buyers.With utilities rising it can eat into future profit margins.I will also expand on the 3 to 6 months point.The lenders I know at a decent rate won't touch something at 3 months.They will want 6 months to 1 year of average rents and occupancy levels.Now in your situation you can use hard money and the points and rates will be high but you can even get rehab money built into the loan.Then you can refi once stabilized or sell off or exchange into another project.These type of value add plays we call "forced appreciation" deals.A regular bank will not touch stuff usually below 85% and some want 90% occupancy average over time.The reason is if they lend at 50% occupancy and it needs repairs the bank looks at it with risk you will not be able to turn it around and they will have to foreclose or take a big loss.Most banks unless they just opened in the last few years have a bunch of crud on their books they want to unload already.So to take down this deal you will need all cash,some partners with cash put together,or a hard money lender.In these 1 bedroom situations we look at "highest and best use".Even though it was built as one bedroom the highest and best use might be to tear down a wall between the units and convert a majority of the 1 beds to 2 bedrooms.Rent might be a little less than 2 bedrooms but you will have less turnover.Laundry is a big issue as well.If the tenant has to drive down the road to do laundry your rents will be less.If the building has a laundry facility that is on site that is better.The best and highest rents is when you put In-suite laundry in each unit.Pro-formas are CRAP.You NEVER and I mean NEVER pay on a properties potential.If the seller wants to sell based on that they need to put the hard work in.Otherwise you pay on the actual numbers going in.When you do the rehab it's important to get the city or county involved ahead of time.When updating they might require sprinkler heads,fire rated walls,etc.

Depends on the size and frequency of the campaign.

The more detail and frequency, the better.

"High frequency" trading firms use super-fast processors and trading algorithms designed and tweaked by PhD's in real time every single day to rake tens of billions of dollars out of the pockets of average investors each year, through manipulation of bid/ask spreads and direct data pipes into the major exchanges.

But a study doesn't tell me anything about these things.I WOULD be interested in what large-scale studies have to say about tenant behavior, which impacts turnover frequency, turnover make-ready expenses (lower end tenants are harder on your property), time to re-let the property, stickiness of tenants when rents are 95% of market, or when they're 90% of market, etc.On prop mgmt, aside from your time "having value", it's entirely possible that you reach a size where mgmt is impractical, OR you have to move out of the area of your rentals, OR any number of life events happens that precludes you from managing them in the future.

The theory goes that everything in the universe has a frequency.

It's not so much the feasibility of such as deal as much as it is a frequency thing.