Half assed truths exists forever on the internet. 

And yes, you can buy existing stuff at a discount from new construction for sure. 

I do not have a lender right now, and I will need the 12-month rent history as well as various metrics on the property such as insurance quote (which needs property information in order to obtain), existing debt, and purchase price (which would be established while making offers).

The comps that do exist seem to be performing at a high-levelMarket Overvaluation?

Take over the rent to own agreement from the existing tenants, or something else?

My question is really around the legality and process of taking back the garage from the existing tenants for this project.

The business plan to pay untenable returns is not untenable, it’s non-existent.

When I inspect the property I can usually get a feel for what deferred maintenance exists as well as what it would approximately cost to make the place rentable.This gives me much of the costs.

Start with BRRR in some areas that have lower barrier for entry    Pros: Could potentially get to the second investment sooner    Cons: No existing contractor connections.

I'm more used to underwriting MF deals and extrapolating existing T12 data, so this is a bit different for me.All the properties are 3 beds, ranging from 1000 to 1400 sqft.