Usually, buying a distressed property is great especially when you have a trusted boots on the ground team to help get it rehabbed ultimately getting you increased equity by saving you with rehab costs and making sure they are done correctly and with no shortcuts. 

Have you checked with the local building dept (it’s usually in their website as well)-park impact fees-traffic impact fees-school impact fees-per unit charge for sewer/storm-check if you have room onsite to meet the required parking ratios (1.85-2 spots per unit is required out here)-check your phase one environmental as see if you’ll run into any issues on the property by expanding the footprint.Hopefully your building in an area that welcomes new development and most of these don’t apply.Best of luck to you.

My question is this.What if I were to advertise that I could provide a cash offer in 24 hours or less, similar to a lot of the i-buying phase we are seeing now.

Now that I’m moving into the second phase of trying to buy multi family units, I reached out to another agency who i’ll be going on showings with, but have my current agency wanting to help as well.

It may be helpful:I can give you some general info on insuring the property: Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

Contract stating work to be completed, payment for that phase of the work, photo of work not being done, communication on request to complete work, second opinion in writing, quote from that second opinion to fix repairs etc etc

@Cory Clay Hello sir, While I do not posses any experience (as i am still in the learning phase of my journey), what I have thus far learned is the %1 or 2% rule and how you use it depends on your goals.

Each unit has there own ground level garage, with a small 5' x 8' heated mud/utility room in the back of each garage, and "L" shaped stairs leading up to the main floor that has the kitchen, living, dining. 

I was wondering roughly how much money should I expect to spend to get my new business off the ground?

You want to create value and acceleration with your money in the accumulation phase of investing.