My experience with these types of programs is that you end up paying for it being in a neat little package.

This is one of those critical elements that many investors don't understand.

I recently purchased a package of 3 single family homes for $85k.

The loan Package took about a week to complete and be approved.

If bidding is hot or really dead, they'll keep the auction going to try to get as much money as possible.My concerns:- This has elements of a sheriff's sale auction.

Honor and moneyTurn this to your advantage.your places should look top shelf at least be clean from corner to corneryou may not have the latest and greatest but it should look impeccably clean.Splurge in the kitchen and bathroom put little design elements where you can.the trouble will be worth it in shorter vacancy periodsSchedule showing times,strict teachers are more loved than lenient oneswhen I taught elementary school I noticed the kids loved the strict teachersthe rules helped the kids know they were valued.when setting appointments even if you have all daynarrow the window of showing availability to two hours show time each day.you get the added benefit of possibly getting two prospects show up at the same time.People like to savePeople would rather save a buck as much as make a buckso offer rebates and coupons instead of penalties.move in specials,I offered a summer electricity rebate coupon on one unit in my duplex because there was no central air.I was going to replace it but decided to do the coupon thingthe tenant is very happy to save for the four monthsalthough he is sometimes hotHE loves saving the moThere is a lot more on this subject i havent learned but I did discover these two quite by accident.If anyone has more please share.

Hello,Does anyone have any experience dealing with Bulk SFR Packages?

Not so even a few blocks north in Pacoima, though.Cap rate is really only relative to the market you're dealing in (unless you plan to purchase unlevered).Knowing your market cap is similar to knowing that a bread and butter 3+2 in a certain area is worth X amount of dollars; you can ball park a value based on the market but it's still subject to condition, location, and any other factors.When wholesaling apartments you can make a very sizable fee by tying up a deal for a few tenths of a cap rate below market and then flipping it with a complete due diligence package.

The document package contains financials as well as covenants and restrictions, rules, minutes of Board meetings, etc. 

At the end of the day its a sales pitch and since i am working off their leads there is always going to be an element of salesmanship to it, but i will always try to be as upfront as possible and i will focus on the reputation of the company. :)