Annual numbers are:Built in 1984 - Seems to be a B class complexPotential rental income $900K-$1M gross6% vacancy ($60K), $20K addition income from vending/laundry - no other amenities, $65K taxes, 5% ($50K) Capex, $28K Insurance, $16K contract services, $90K payroll/staffing, $150K repairs/maint, $6k utilities (tenants pay their own), $10K accounting/legal, $5k advertising/marketing, $100K (10%) PM (is that redundant with staffing?)

Sophisticated CRM and follow up systems.3. 2 to 3 or more closers ( real people that the second the lead came in they were pounding on the door) now you will have others on BP who qualify folks on the phone and only work the with most motivated.. and I suppose that works were you have little competition or your competition for inventory is not keen.. these folks were in bigger MSAs.4.

Make sure you have an experienced inspector who also will give you an indication of life span for major systems.I'd create a sophisticated spreadsheet with as many costs broken out as possible. 

Not very sophisticated on this so here's what I am thinking...1.

Their analysts are usually MBAs in finance who graduated at top of their class and have been trained to use and understand the most sophisticated financial modeling theories and techniques.The winning bidder pays for and gets ownership of these 1,000 NPNs.

Real life example: $18,435 debt service (includes mortgage, taxes, ins) and $32,355 net operating income would leave a DCR of 1.75 Cap Rate is Net Operating Income divided by Purchase PriceCap Rate can be great for looking at larger multifamily buildings with sophisticated buyers/brokers.

-More sophisticated the investors the less documentation and compliance we need.

So, starting with LLC and testing your performance would be good before electing S-corp because S-corp comes with little administrative tasks such as payroll and its own tax returns. 

You do not need to upgrade every year as long as you do not have employees and run payroll. 

(C) It requires a seller sophisticated enough to understand what owner financing means and to appreciate the value of the income stream that will accompany the promissory note.How many sellers of residential real estate do not need the proceeds from the sale to (a) pay off the existing mortgage, or (b) use toward their next house, and (c) are sophisticated enough to become a lender?