I really enjoyed your presentation last week major gems dropped.

But, given the building was built in 1982 and not 1890 - I don't expect knob & tube or some of the other hazards presented in the older Lehigh (Allentown) properties)Maintenance: $4600/year (Representing 5% of gross rent per month)CAPEX: We plan to keep the first year's worth of net rent in the operating account to care for CAPEX expenses. 

I would set up a meeting to walk the property (1.5 hours), then come back and work up a quote (3 hrs min) then drive out and meet the prospective client to present bid (1.5 hr). 

I suspect the markup would not be very high, given the roughed-in status, but I want to present something that is fair, but also not leave $ on the table.Thanks in advance for any guidance.

I am very new to real estate on my own, but I have been around the residential rental game my whole life since my parents own 19 properties, one of which is commercial. First question is, would apartment buildings be ...

Then, when they present you with a possible deal, you will have a baseline to compare it to.

I was once in that position and it was not until I learned what a good deal was and was able to present the numbers to others did I find someone that trusted me to start. 

I was presented a similar deal and I’m not familiar how to structure it or what contract to use.

Stay healthy, stay away from bad people.Some ideas to find the deals:walk/drive neighborhoods, look for neglected propertiesadvertise, newspapers, radio, pass out flyersWrite a nice letter to landlordsWhen housing court starts up again, meet landlords there - chatCall and visit owners of Expired Listings - make offersBuild a relationship with a few Realtors, offer to pay them a fee (3-5% of purchase price for unlisted buildings) for presenting your offers to FSBO's and expired listings (auto pilot investing) The purpose behind this is to open negotiations with sellers, I always offer well below their asking price BUT IN WRITING hand delivered by an agent (you save time, cost of gas and you increase the odds of finding a fat equity deal)Study Real Estate Control techniques; delayed settlement, assignment clauses, all types of options, hybrid or JV with sellers, repair consideration with possession (known as front porch offers) use one of the 21 proposals for seller financing (the best highest leverage financing you can get)My LOCK-DOWN has proven to be profitable, I have time to network and develop clients nationwide to mentor/partner transactions.

The big question is should I be looking harder where I think we will ultimately end up or should I just be present and get a few under my belt here where I don't have as much long distance heartache and where I have a support network?