If so, a property selling for 800k-1mil...what are the steps to get it under contract in a multifamily deal, is it a must for a earnest down payment or are these deals typically executed without an edm but an expressed interest given a due diligence period in a reasonable amount of time?

This concept applied to OOS investing would be great, not only at the purchase but also during projects or checks on the units.do you use Renteria by chance  Sal is a good friend.. we were neighbors at Silverado.. talk about an American success story.. comes from Mexico as a Barber now lives in a mansion on top of Silverado.. his did not burn down..

American Family pulled out of that Market and Auto Owners did not pull out they just doubled the premium.

I reached out to him and expressed interest in selling my property of 17 years.

Ground up development of a MF Rental Project typically occurs in the form of a "3 Act Play" which unfolds as Pre-Construction, Construction and Lease Up which hopefully results in positive long term operations.Act 1 needs to be expressed in terms of functions, time, players and capital.

They had expressed in the past that they would eventually move to a larger home. 

I used Real Estate Express.  

And of course, Nathan and his firm, American West Realty, is managing the property for me, from the get-go.

In a well maintained co-op with an onsite superintendent (the best), laundry room, storage unit, short distance to the public transportation 6 trains and buses (:30 minute Express train to midtown Manhattan), a block away from all shopping Macy's, Starbucks, Blink Fitness, restaurants and nearby parks.

A life situation has presently occured where I would need to acquire my own property via the Lease Option route....AND I have some dead wholesale leads that have expressed great interest in participating in Lease Options as well.