(DO Ask for receipts if it's for material deposits.)Share competing bid information and "bid shop".Encourage bidders to get into a bidding war.Try to low-ball contractors.....they will try to cut corners or make it up with change orders a lot of times.And finally, DON'T assume that "All Contractors are Crooks" or that "All Contractors Will Rip You Off".  

I signed up and got the ball rolling.Come to find out this insurance agency cancelled the landlord policy because I did not bundle car insurance with them and my credit history came into play.  

I located a nice clip that personifies much of the industry:Pay no attention to that man behind the curtainOne can hope that things don't end in a fiery ball of flames, but given how many of the "prominent" platforms are currently financed I am far less bullish than I was years ago.  

Either way you are usually in the ball park or 75-100 per unit.

That's the whole point of the first position note, really only taxes and a couple other odd ball things can wipe it out.

John Anderson - you have no idea what the offer was actually - it was in fact exactly what the real estate agent recommended, not a low ball at all.

I am very thirsty for information and I want to get the ball rolling so any thoughts or advice would be awesome! 

The balls in my court now, and the only thing holding me back is I am afraid I can't manage another 48 units, full time job and most importantly, be a great dad and husband. 

Not sure if I should persevere in until January or get the ball rolling, 

Just ball parking here, the value of the property is probably somewhere between $750k-$1mil based on cap rates that are roughly 6.5%-9%.