We once made the mistake of not inspecting all of the units prior to purchase, so didn't know fully what we had walked into.It's imperative that you do a through inspection of each unit as soon as you can!  

"We are seeing significantly more multifamily construction: 2,700 units permitted this year (2017), compared to 1,700 to 1,800 last year (2016)."

Please ignore last post. I accidentally used wrong subject.How and where can I determine how much class B property is in the market? thank you.

When you examine all the sold comps and compare each of them you will likely see some commonalities within the individual price ranges. 

240 sq ft is a small studio, so you need to compare your all in cost to it’s potential value...I’d look at 15x GRM as a rental unit value, and possibly what it would sell for as a tic unit to an owner occupant.

We hired the appropriate contractors, in this case electrical and a handyman for plumbing, to finish the job according to what the inspector told us he had told the prior GC.The rough in inspection was already passed so the walls were closed.

PRIOR to background  and credit, I just search the local county online records and make calls to past landlords and employer.

Check out prior landlords if there are any. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I recently started my own property management company, but prior to this I was working underneath a large franchise.