If you are-Not pounding the phones calling sellers daily-Not reaching out to peers daily for insight and connection-Not educating yourself through webinars, books, and commentary regularly-Not attending conferences where you learn industry trades and secrets

Are there any common facilities (water, septic, road, etc.), or common property that the homeowners or developer will need to manage.

You can find more info at  https://www.propertymetrics.com/blog/2016/03/10/ho...A couple of comments:- Cap rate is a property specific metric and is commonly used to compare one property against another.

I wrote a BiggerPockets blog post outlining common projects and their average costs here: https://www.biggerpockets.com/blogs/8814/72452-how-to-estimate-construction-costs-for-these-29-common-rehab-projectsAs far as analyzing deals, this post explains how to find comps and calculate ARV: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueFinding comps for multi-family properties is slightly different than finding them for SFR, generally in that you often have to widen your area and go back farther in time to find them as they are not sold as often, nor are they as common as SFR.Happy investing and feel free to reach out if I can help.

@Cramer Guzaldo One thing I do is rarely accept a phone call from a tenant.

You may also want to hire a PTM and require they visit the property via required maintenance agreement clause.You may also want to consider setting up a Phone System for your tenants to call and leave a voice mail.

I have 10 longterm rentals and probably get one phone call a month. 

What you really want is a title company that is responsive and will get on the phone with you when you have questions. 

FYI, it's a raised garage (common on the SW side) that is about 6 feet above yard level so it'd need a foundation and the build.

I would look into setting up a trust so the legacy goes beyond your mom and you, check options to convert the 401K into another instrument if that is still possible, look at something other than a mortgage and let me maybe show you a strategy called 3CX that would allow you to develop a constantly growing portfolio using a combination of reinvestment of cashflow and using line of credit financingI'll send you a connection request so we can setup a phone call if you are interested.