The good investor agent will provide you w/ access resources to supplement whatever resources you may have.    

For example, property is REO so does the AVM reflect the value of that particular property or is it more generic and take into account comps like a realtor to determine market value?

If you set the company up as a generic LLC, it is most likely that all tax burdens are shifted to the partners.

I was outbid on a town home near the west Seattle super supplements a few weeks ago and we are in the process of submitting an offer for one in the south Delridge area.

However, they are re-doing the exterior and have not collected enough or banked enough HOA fees to cover this exterior cap expense so there is a supplemental charge to each owner that was approved by the HOA. 

Does it make more sense to buy a condo that I can pay off in ten years or buy a starter home for about double the price and have a rental unit to supplement the mortgage?

Hey Jean, I completely understand where you are coming from and there is definitely a generic "rule of thumb" people use when looking at new markets, but in Orlando right now it is insane with the lack of inventory and the 70% rule is tossed out the window. 

@El Madera the lot rent should be $310 based on the Frank & Dave (MH university) formula. 110*310*12*0.7*10=2.864m However, it is very generic number. 

Acquisition fees and asset mgt fees keep the engine running from the beginning thru the hold period, the real money is made by the GP at sale or some portion at refinance / supplemental loan when property renovations are complete / value optimized. 

I don't want a generic postcard.