I do think that having a contractor give you quotes is MUCH better, but often not completely practical or ideal either.

Next step will be to start analyzing deals for practice and asking others for feedback on my analysis.

Texas has some screwy laws (are you even investing in Texas?)...

What's really the practical situation.** Strictly restricting this for when doing comps between properties in the same sub-division **

Hi Arif, I can't help you, because Alabama law very different from Pennsylvania.

More states are creating "just cause" eviction laws, essentially stating the landlord must allow the tenant to remain in the property except for a few specific situations.It won't end well.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

@Kevin SobiloEach month the Department is required by State law to compute and announce the ceiling rate on residential mortgages in this Commonwealth.

They have rules and best practices about how we put these deals together which has collectively saved us from much of the pain being experienced right now in the multifamily space.