Its simple arithrimetic but often there is an angle and no prop is the same.  6)  good beginner rule I use for myself is that for a buy and hold multi - if it needs more than 10k of work its probably not a great FIRST investment.  

Anyone know what this could be worth with a simple cosmetic renovation?

Plus, Zillow, Rentler and the other real estate platforms tend to have all sorts of unnecessary hoops to jump through for landlords, and I find a lot of their design very un-intuitive (I remember spending waaayyy too much time just trying to figure out simple things in Rentler).  ...why can't they make it easier?

This gave many the false sense that real estate is simple but its not.

I think you need a little more education and a mindset shift.Real estate investing is a fairly simple process.

Here is my simple wording.  

Anything that seems too good to be true is, plain and simple.

I put a simple CMA report in a Google sheet if you want to take a look. 

Obviously, you pass this cost on to your borrower.My experience with Lightning Docs is that they will answer simple questions at no charge. 

I'd like to keep my first deal relatively simple and therefore I'm focusing on 3-4 MF for now with aims to quickly advance into 5+ MF and commercial.