You don't need all the fine details, but if they can't give you a general idea of what business they plan to operate in your building than you probably don't want them in your building.

The trick is that a lot of them (like the Weichert office I initially went to work for when I got licensed) tell a great story about "continuous, ongoing training", but fail to deliver.Best bet in my opinion is to talk with another agent who got great start-up help and sign on there.

Multifamily is considered a really safe asset right now.Your best bet is trying to find an off-market deal or possibly purchasing something through probate that needs repairs.We just bought a 4plex in Riverside that had some upside and we pushed it to an 8 cap after one month with a few tweaks.

Have a very thorough operating agreement. 

I bet the same 4-plex new peak price will be more than $480k (at least 50% more than today price.)

Hi Fiona Humphrey I operate in St Louis and am very familiar with the headaches a 10k property can bring.

Now...I'm talking with different securities attorneys to learn various aspects of operation my own fund.Being on this site and not putting in the footwork will get you nowhere.

However, when you add PM and CapEx savings to the Operating expenses it drops your NOI tremendously and then when you multiply it by the Cap Rate you get a much lower valuation of the property than the listing price. 

Or are there other ways I can do my own due diligence on seeing how this property can potentially operate?

I don't post much on the forums but I bet I've listened to every single podcast at least twice!!