Hey BP, I help a lot of new investors and Househackers get their first property and I see people running into similar mistakes.

Reading the reviews they are 150 5* . owners have had it for 20 years. 

I love to learn and love to teach so if anyone needs help in this area I have you covered.  

As a seller would you question this and renegotiate a lower percentage of purchase price (3% to listing firm only), or request it is a more even split?

There are a few dozen houses with my target number of beds/baths/sqft that have been listed for rent on Zillow for 2+ months with 0 applicants.Is this normal or is it a sign that's there's not enough demand for rentals?

So depending on your experience, if you are bringing a piece of land and some plans, I the outside investor would want likely between 80-90% of the equity if I am providing all the funds for closing, the experience, and the reserves, just to be honest on something like this. 

This is Nanda.

Its very easy for people to get caught in this trap."

With this being my first apartment deal I am more unsure about underwriting this type of deal and was hoping to get somebody who is more experience in multifamily to look at the proforma, T12 profit and loss, and rent roll to tell me if I'm missing something or to let me know of things that I should be looking out for.

What made you interested in investing in this type of deal?