Each asset class is at a different point in a cycle right now so caps vary by that and also quality of the areas.

Closing costs vary considerably and lots of the costs are not paid by the seller.

Which document is used varies from state to state.If you're going to pool money, you are "selling securities".  

@Joseph Carpel Sometimes the appraisal, especially when not done at the time of the sale can vary greatly from the true market value of the house.  

Here they vary from $295-$495.

In this process, all the tenants would have a different base year, and hence varying amounts in the increases.I could build a spreadsheet for each tenant, but seems rather labor intensive.Just wondering if anyone has an easier solution, or if anyone knows if property management software, such as Buildium of Appfolio can do what I have described.

This gets into rules and practices that  vary by state.

It really varies.

The appreciation probably varies alot by location and even association...someone may have a number on the appreciation differential between sf and condos historically but your local market probably matters most (like actually looking at your MLS or sales data and even the appreciation rates in specific areas/neighborhoods)....I think the association side can bog down some investors.You really have to do DD on the association, its financials, politics, etc...They vary so much.... 

Hello Everyone,I wanted to get varying opinions on utilizing a home equity loan to help cover the 25% down on a multi family home.