Once again, this is an exercise that I am trying to wean down worthwhile/important parameters to use not necessarily to use all these on every deal.

If you don't put a contingency on the deal, the buyer keeps your EM if you don't close, assuming there are no other contingencies you can exercise.

But the reason why I am so interested in multi family is because I will get to be more hands on with living there and being the property manager, doing repairs, dealing with issues and all the different roles possible to get a better understanding of this industry.

Interestingly, pets playing such an important role in peoples' lives especially with everything going right now, so not allowing pets may cause you to leave some money on the table. 

My role as a GC,  Everything, the work, product, subs, the garbage, permits, curb appeal, cleaning.He is the man! 

Because of that investors here in general are focusing on getting more bang for their buck with multi-family properties with higher rent potential.It's a pretty basic explanation, but it seems like we're in a textbook economics supply and demand exercise. 

The role we are trying to fill is someone who ideally has experience in the note acquisition business.

Although this is not the best Cost approach, it is definitely the best Risk mitigation approach.This was a really fun exercise for me. 

" As myself being in more of a Lender role I have more experience in qualifying and quoting loans.  

@Michael Gambrell Buy & Hold is a great long term strategy if you enjoy being a property manager. ( Or outsourcing that role for a fee).