The quick and dirty formula for a BRRRR isPurchase price = 0.75 * ARV - Rehab CostsIn your case, you would need to acquire the property for ~$156.25k to make it a complete BRRRR deal.Side note, rehab costs are very hard to estimate so make sure you verify that estimate and/or allow for a significant margin of error in your calculations.

My experience with commercial loans is the bank spends most of the time analyzing the deal, most commonly they use Debt Service Coverage Ratio (DSCR) or Debt Yield to analyze these situations.

Furthermore, the types of multifamily syndications we invest in, as well as offer to our investors, are value add, meaning that our syndicators acquire assets (generally off market) at an attractive valuation, renovate the units & common areas, implement well-reputed property managers, and increase rents to market rates, thereby increasing the properties' valuation on exit. 3.Inflation creates further increased costs for construction materials, making newly constructed homes & commercial properties even less affordable (and in less supply) and existing assets more valuable.

The most common way is just to bite the bullet, take a week off, and go do it yourself. 

I was following the BP playbook of creating an emotional connection with the seller by sending pictures. that's something Brandon turner has been recommending for ages. well keep in mind the 2% rule does not work anymore either and laws are constantly changing.NOW  this might not apply to NON owner occ homes and commercial purpose  type transactions .. i just know you cant do it for the average buyer looking to buy from the owner occ seller and live in it.. there may be a commercial carve out.these letters were VERY common until the new law passed this is why you rely on your agent to keep you abreast of the actual laws and rules.   

This is pretty common, you'll need to clearly outline the rules and expectations of the agreement in your operating agreement/partnership agreement.

I would attempt to get a longer term loan but I just threw 20 yrs in there because it seems like the more common commercial loan.

This is common in FL and recently CA for fire prone areas. 

Everyone has their different niche for lead generation, but the one thing they all have in common is adding value in some shape or form.

@John Huynh For a 4-plex it's very common to make offers without seeing all units.