There are excellent deals available this time of year, but the inflated prices of small multifamily properties can make finding a good deal challenging.

Steven, you’ve brought up an excellent point about the trade-off between prepayment penalties and interest rates in DSCR loans.

That is an excellent first post.

In each category, note how much you are bothered or stressed on a 1 to 5 scale, with 1 = not bothered at all and 5 = stressed out: Pain Points Stress1 to 5 Pain Points Stress1 to 5 Unit turnover Exterior maintenance Advertising for available units Deferred capital expenditures Tenant screening rules Plumbing or electrical emergencies Tenant selection / discrimination rules Mortgage payments Documenting move-in conditions Bookkeeping and bill paying Documenting ongoing conditions Taxes and insurance premiums Dealing with tenant complaints Risk of late payments or non-payments Dealing with neighbor complaints Risk of property damage or vandalism Mold, termites and rodents Premises liability Interior maintenance Evicting tenants If your completed table has mostly 1s and 2s, then congratulations—you are a happy landlord!

In some instances the select few who fall under this category will build for themselves and if they were to take up 3rd party work they would want upside.

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

Hi Xavien,You’ve raised an excellent and often overlooked point about the benefits of business credit, particularly for real estate investors.

Michael’s articles are excellent and provide valuable insight into taxes for syndication deals.

Excel spreadsheets, and not doing very well keeping up with them either!

Excellent advice and very well stated, imo.I have some really good candidates for ADUs in California.