I’m looking to become more active in REI and utilize the equity I’ve built out in my property. 

And don't get me wrong this wouldn't even be a discussion if it wasn't strictly utilizing the low money down FHA owner occupied situation to take advantage of getting the property paid off over time by the tenants. 

Or, can I utilize my LLC in some way.... 

Possibly using a professional third party vendor for the pre-inspection is a great idea, give a copy to the owner and tenantExcessive holes in walls Broken tiles or fixtures in the propertyPlumbing backupsRepainting where a tenant has repainted from the original colorTears, holes, stains or burn marks in carpetsMissing or damaged blindsBroken windows and window screensBroken doors and locksBroken or damaged appliancesExcessively DirtyPest control if you see Bugs and or fleasJunk or trash left behindPast Due rentFees incurred from fines from the association due to the tenants conduct or lack thereofWater damage to hardwood floorsMissing outlet coversRemotes for garage or gate if not returnedRekey of locks if tenants did not return the keysUnpaid utilities, as long as they were part of the lease agreementUndoing a tenant alterationThis is a sample of things that are usually considered to be normal wear-and-tear and should not be deducted from a security deposit:Slab or plumbing leakNormal rug wear.

Again, I would run exact numbers before committing.Or d) would you utilize some other strategy that you're willing to elaborate on.

Hi Cole,Yes, 1-3% acquisition fee; 1-3% asset management fees are the main fees that syndicates charge and are industry averages. 

So, as far as I can tell, she is only doing her calculations by the straight “expenses” of taxes, insurance, and utilities, and not accounting for any kind of vacancy, cap ex, or maintenance.

Just want to make sure I am on the same page...Keep in mind when thinking about property managers, they have overhead of conducting business, including employee wages and benefits, hardware and software costs, utilities and rent for their office location, insurance costs, licensing costs for their employees plus the time and effort put into maintaining compliance with applicable laws regarding third party management of real estate assets.

Unless you already have all the resources don't be afraid to utilize other wholesaler's resources

There are also a lot of ways to acquire and reposition small multifamily properties, where rehab funds are required, utilizing local lender bridge loans or large hard money lenders.