I got a book on framing and watched some construction projects to learn that end of things but the drywall repair was pretty much trial and error and self-taught.

I deal with the monstrosity known as the NYC building of department as well as smaller municipalities like in my hometown of Yonkers and there is a wide variation on the time involved and what they require.

The best lessons that I've learned thus far have been through trial and error.

Its coming up in trial next month because the lease clause and the addendum clause concerning terminating tenancy have different rrequirement language.

They all have it's variations and methodology.

- Most lenders will lend between 65-75% of the resale value, and may offer a variation such as 80-90% of purchase price including or excluding rehab costs up to 100%.

At times there are deed restrictions for 30 days, or for 90 days for more than 120% of purchase price or other potential variations but those are the two most common

I haven't seen much variation in the 2,3,4 range as far as vacant vs occupied.That being said I've seen a lot of 5+ unit buildings that are vacant.

Should I just go into one on my own and give it the ol trial by fire treatment?

While the cap rate is only useful if you're dealing with an income producing property at it's fullest or with achievable upside, the price psf can help you understand the variations according to size, location, and condition.4) To renovate or not to renovate?