As a "newbie" I also seek guidance, mentoring, education & the occasional seminar.

The property needs about  $400k in repairs to increase the ARV to 1.5 mill - 1.7 mill.

Aloha - I'm considering a few projects in Maui and would appreciate the recommendations of any general contractors who can fit the ROI-based business model of investors (i.e. not going for magazine covers). Thank you.

I'm seeking some mentorship as well.

The seller disclosed the long term leases on two of the units, but only provided the expired, 2 year old lease and the rental increase notices for the other two  and did not produce the additional long term leases that tenants shared with me.I'm in a bind here, I can't break the leases and can't stay in compliance with the loan terms.I've already reached out to my agent, who is fortunately a commercial brokerage with an attorney on staff, but have not heard back.

Seek professional help.

Then once you figure out how much you have to put down, determine if it makes sense to shop a deal for an equity partner, or seek private lending/HML to fund the deal.

I have been doing a lot of reading and search of my own but will like to hear from anyone with a lot more experience than myself.....Currently seeking to buy 2-4 unit multifamily rental property in Queens, more specifically in Maspeth and Ridgewood areas. 

But having great partners allows me to manage three hedge funds with about $45 million assets under management and my goal is to increase to $200 million in the next 12-months.

It will not increase the sales price by 15k.