In a partnership I'm involved in where I brought the deal and will be handling day to day decision making and managing the original renovation we are splitting things 65-35 so the partner bringing the funds will make around a 15% coc return annually.

* I have an appointment later today to meet with a the town accessor trying to gain more information.

We are in the Boston area, which is a very fast market and often little room for negotiation so we had to get our number right the first time.

one thing I find in our markets is the larger multi family new developments just don't pop up one day.they are 3 to 4 years in the making and its a little like stopping a cruise ship once it gets going .so what we are working on today in planning and permitting we wont built for another 2 years or so.whats coming on line today folks bought and started in 2015 and 2016.. so that can lead to over supply for sure in the rental realm. 

They both look and sound good in theory, it’s just getting them executed at the right pace.

It depends on the situation, but yes if you are making offers low enough that 90% of them will not be in contention, and you are asking for bids on every one contractors will get fed up with you real fast. 

Personally, I prefer to manage all my properties because a) no one cares about them more than me, b) there's no PMs in my town worth a crap anyway, c) my properties are fully renovated and rent so fast that PMs would do virtually no work for their pay anyway, d) I'm a control freak, e) I make more money. 

This is a inspection report that I received today from the title company.

How fast are you finding good tenants when you have a vacancy?

I just emailed Jake back today after our initial phone conversation a couple weeks ago.