.), included amenities, parking (on-street, surface or enclosed), current tenant base (young professional, family oriented, senior housing, etc.) as well as those factors that may be unique to the specific municipality or neighborhood.Using the above guidelines should prove helpful in assembling the preferred comp set, and will provide the most accurate insight into the current competitive environment.In a follow-up article, we will discuss the best methodology to use to determine how the subject property is positioned relative to the properly chosen comps.

It's great to be able to purchase a 50 unit for $2.5M, but what are you going to do on day 2, when the day to day management/operating expenses begin to surface?

One of the main issues is trading deeds, the deeds are effective when executed, not filed, I understand that one deed may not surface but they could, and the arrangement also circumvents state foreclosure law and rights of redemption.You're absolutely right about an escrow agent filing an interpleader, some simply refuse to perform unless the parties agree and have required the parties to get the direction of the court, this goes on with sale contracts and deposits more often requiring both parties or one to provide a release.

Hot surface ignitors don't mix well with grease.The home was rented with no appliances included, and the lease backs that.

If you haven’t been going to REIA meetings or local REI meetups, you haven’t even begun to scratch the surface.  

Then they pour the polyurethane on so thick it looks like a wobbly-surfaced ice rink.

It's not illogical for an investor or landlord to connect the dots and think that it wouldn't be a far stretch from managing say... your own 40+ doors and managing 40+ for other owners but how wrong of an assumption that would be.... 1) Realize that most owners with 2+ self-managed properties consider themselves 'the best manager' - although coincidentally most owners have never attended any continuing education i.e. management courses, laws, fair housing, etc. etc. nor have managed properties they haven't had an ownership interest in. 2) Realize that most owners will just not understand how to run a property effectively. 3) Realize that most owners will focus on price first and foremost instead of services renderedAlthough on the surface it may not seem that there is much to it... when starting a PMC there a lot of factors and is probable one of the most complicated businesses out there.

tenats often get code violations(this would surface during title search)even though the property mortgage may have a few years left do the numbers make sence?

I will know more on the condition of the units and the building next week, but on the surface this seems like a logical deal.

There are simply too many details that haven't even been brought to the surface.