Check out CBRE's report regarding cap rates. 

During this time run a title preliminary report to see if there arw any liens or judgments ties to the property, get pay off and reinstatement quotes so you can asses the deal and see what you are working with before negotiating a deal.

What you want from the Title company is a "Preliminary Title Report."

YES - If this is truly a project HUD building where HUD 'guarantees' rent for all units then there are very specific / screening / reporting / inspections requirements that you must meet; tenant income thresholds, REAC inspections, etc.You can do this yourself (HUD has to approve you to self manage) but most owners elect to hire a PM who is licensed / knows the systems / paper work / HUD office contacts.

I want to know from other investors, especially ones that work with wholesalers, if what I am planning on providing investors is overkill.Once I have a signed PSA, I plan on:paying for a title check (to make sure the title doesn't have any unexpected liens)scheduling a home inspectionhaving a general contractor provide a renovation estimate (labor & materials) for both a fix-n-flip and a rental renovationAn ARV appraisalI am planning on compiling all of this information, along with a copy of the PSA, a full RentFax report, pictures of the property, and a video walk-thru into an "investor packet" that will be emailed to my investor list.

.  :-(  The bonus that doesn't get a lot of talk time, however, is the really good reporting that can be generated when you leverage the classes along with standard bookkeeping practices.  

The reports are 40-90 pages long and go through the entire house in great detail.Get an appraisal.

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

And even then you can only settle very close to the date that you are ordered to report to the new post.