We had a structural engineer evaluate and he recommended installation of piers to stabilize the foundation.  

I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.

I like to be thorough and hence included detailed expense categories in my spreadsheet when evaluating a deal. 

I evaluate the performance of every income generating property that I own. 

Then, speak to a lender or two and ask them to help evaluate your deal! 

Would it be worth seeking a free consultation with a real estate attorney to evaluate my case?

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

Ensure you thoroughly evaluate the lease terms and have a strategy to manage potential delays in finding a buyer.Best regards, Stevan

You need to know how to analyze property and then systematically evaluate property on a daily or weekly basis to stay on top of the market. 

These numbers on their access to the MLS will give you the best evaluation to what you can sell it for once you are done.