Everybody is doing deals in the MF arena at this price point and running the caps rate down.

New investor question here:I have found a short sale that, after running the numbers, appears to be a good deal.

So far, I think I've run across these recommendations on who should do doc prep:* the title company * a licensed broker * you ( the lender )...grab a DOT/Mortgage and PNote online!

"The best laid plans of mice and men""Patience is a virtue"First I may suggest to envision your end game, to own a smooth running, cost mitigating and profitable MFB( multi-family-buliding), MRB( multi-residential-building) or could it also be a MUCB ( multi-unit-commercial-building)?

v=OQ5Q7_2AaMk) I'll upload 2,000 property addresses toMozenda, teach it what to look for & run the program when I leave the office.

Otherwise, go above board and find a good, professional management company to run things. 

Anything that pays for itself will be a winner in the long run, in my opinion.

Did you run into any other unforeseen issues that you learned from?  

If the listing is on MLS then I would get an agent and have them run comps (CMA) and get there 3% fee which is paid by the seller If it's off market and they won't pay the realtor fee - You could pay a realtor $125 for a BPO (broker price opinion) to get a more realistic value.

You can register an LLC in states other than where it was founded, but this runs into duplicated expenses.Custodians for SDRPs are plentiful, but you'll want to shop around by reputation and your own criteria.My $0.02 ...