let me dig deep it. 

Quote from @Matthew Cook: Dig into those comps with a realtor doing business in that market.

Bit of a cynical viewpoint, but most investment firms like this will take money from anyone and never dig into if the investor was accredited to begin with.

Can you dig into a little more on the novation, why did the seller pick that strategy say over a cash offer?

Shortly after they all became vacant, I had to do the renovation work myself because of the lack of cash flow, and it took years to dig myself out of that hole.

Those who make that mistake almost never dig themselves out.

If you really want to dig deep, pretend to be a renter and schedule a walk-through.

I just haven’t had much experience with underwriting those types of properties, so I’ll definitely need to dig into that more.If you have any advice or resources for underwriting smaller multifamily deals, I’d love to hear about it.

Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

Agree with @Brandon Croucier on this one, its an underwriting guideline that you would need to dig into before you get too far.