I would pay much more attention the {M}IRR and the trend in CoC over the projected hold period.

I am currently an assistant at Lonergan Holdings, LLC.

I was also able to get a hold of the attorney representing the case.

She is holding you to your word, play off that.  

Yes, paying but I like a contractual relationship rather than a mentor who I'm not sure how much time I can take from them, etc. and that will hold me accountable, has done a lot of deals and is truly doing it and I can learn a ton from in addition to all the other supplemental podcasts, books, forums, meetup groups around MF.  

I've only done buy and hold to date with minor repairs.  

As much as you want them to take down the cardboard or enter the unit, hold back and just let the process go through.

Keep the down payment low and hold a healthy reserve.

We have an initial package that we put together that contains the property details, comps, repair costs and then has a summary with purchase price, ARV, repair costs, shows holding time, holding costs, buy and sell fees etc.Every HML will have their own application that they want you to complete with their own format of PFS.  

But if I turn around and sell instead of holding, I get the $130K less fees and taxes on the gain.