I know I will have to put in time to purchase or exchange.

I’m looking to bounce a deal across someone who is intimately familiar with Baltimore.

I just don't see the benefits at this point in time.

@Katelyn AndrewsWe had an realtor who was unresponsive, didn't even get back to us in time to bid on some properties.

The numbers based on current financials don't pencil out in other words but only after year 1 or so at a point in time in the future.

In times like this you have to examine the data with a very discerning eye.  

While most of the money to get the deal done was my own, I ended up needing a little help at the end because I'm so new to the process and it was such a breakneck closing (15 Days) I didn't have all my funds liquidated in time and needed help from an investor that was able to give me liquid cash while my funds liquidated.

Not cap rates, not differences in timing. 

Maybe you need to revisit the numbers for the renovation because that can be a huge problem (not finishing in time as it always happens, spending more money than what you had budgeted, re-visit the budget and add the number up for errors) that's the only big problem I can see happening.

Do you know how to attract the different renter classes, unit mix, overall offering, etc.. to not overspend or underspend.Can you get supplies and labor in time to finish as required by your lender.You will most likely need to come up to current code for your area...Will you need security onsite to keep materials from being stolen, will they need to be armed (for their own safety) (different price points here).Have you talked to an Architect who does larger multi-family re floor plans, and etc...?