For most of their existence Fannie and Freddie were privatized.  

However you do have a new government that seems committed to cutting costs, cutting defense spending, and getting us out of wartime efforts. 

The PM in my mind has the right to lay out the facts as they exist..

Do they come through and try to justify their existence by pointing out small things for you to fix or is it pretty benign and they're just making sure you're not a slumlord?

Then determine if you have and are willing to risk the necessary capital, time, and commitment.3.

We take pictures on a pre-inspection only of existing damage, which generally doesn't exist because we repair anything that happens between tenants.

How much "fat" do you believe still exists within that? 

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

It's an 860sf unit, so it would be right around the $2.00/sf mark as a LTR, if not a bit higher.I inherited an existing long-term tenant in the first floor apartment, so that unit isn't in nearly as good shape as the fully renovated upstairs unit. 

Not sure what the returns are on a 6 bedroom for rents are but those would be your numbers.As far as new construction versus existing, I'm not seeing the gaps that big in any size range.