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I'm looking to take the plunge and make my first investment in a multi-family propert...

By pulling bank statements, calling past landlords and reviewing in owed debt.

@Mike ReynoldsAny property to cash out many conventional lenders want 6 months - condos also need to review condo docs etc to confirm it can be financed.

But you must have a pre existing relationship with them. 506b also has onerous reporting requirements like a yearly financial audit that will run you $10-$20k, so if it’s less than $1M a 506b may not be way to goAnother is a reg a+ offering but that costs $100k+ to setup and requires registering and review by sec.If you want passive investors who are not accredited there are not many options.

Unless the attorney spent time reviewing your facts; this may not be good advice.

What are metrics recommendations someone has?

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*This link comes directly from our calculators, based on information input by the member who posted.Hello y'all,this is my first potential deal and I kept messing with numbers extensively...

I'll be sure to add buildium to my review list.

I would first review what your criteria is.

If you look at a commercial listing by a residential agent, it's pretty bad, no data, no metrics, no true CAP.