I didn't want to spend too much more energy on the deal until we got that data.

Sign up, but don't pay, there will still be plenty of listings you can look at and get an idea of how others are showing the data.

The data you sent over does not look complete to me and it is difficult to tell if these are actual numbers or pro forma estimates.

It has a roof that is 6 years old and a new boiler. ...OK, 6 units, and one boiler = landlord pays utilities at least for heatI doubt there is a net of $19K based on gross of $31K with landlord paid heat.So right there, you should be clued in to be suspicious of any seller supplied data - it tends to overstate things in favor of the seller, much to the detriment of any would-be buyer.And the fact that the seller bought it for so little will partially explain the lower out-of-pocket for the seller; a buyer paying more will have bigger costs to deal with (in terms of debt service at least).

Make sure you get it reviewed to ensure it's legal in your state.http://www.biggerpockets.com/renewsblog/2010/02/17/whats-in-a-contract-contractors-rehabbing-real-estate/

You can also ask them to pay for your marketing costs, ask them to provide MLS access/data, etc.

IMO it begins with an ethical conduct toward providing a service that employs a high degree of skill and/or knowledge.Seems there is a lack of knowledge that is simply compensated for by a high rate of interest and 5,6 or 10 points in making a loan decission, many seem to care less if the borrower succeeds or fails, so long as they are well secured to ensure the return of thier money with a high profit.

According to property assessor, the cost basis of the structure of our 1 unit is 60000$, BUT according to our insurance company, it will take 112000$ to re-build.Last year we depreciated using 60000$ cost basis, but I am reading the book that suggests different methods, making a point that there's no right one.It's a huge difference, and according to the book ("Every landlord's tax guide" by Nolo"), usually county assessors UNDERESTIMATE, which gives me SMALLER deduction if I use their data!!!

I always like to have extra data points on rehab pricing, so please update this thread with what you ultimately find.

More than half of multi-family owners are corporations which makes data gathering for direct mail nearly impossible.