Hi BP.  Wholesaling to make $$$ and learn loads.

You have a multifamily, why aren't you operating it more innovatively to drive up your NOI?

You should see people popup underneath the reply window and then just click on their name.

Gross Rental Income (Total Monthly x 12) $265,632.00 Subtract Vacancy Rate (15%) $39,844.80 Net Rental Income $225,787.20 Other Income (Laundry) $5,021.00 Total Gross Income $230,808.20 Total Annual Operating Expenses $178,911.00 Net Operating Income (NOI) $51,897.20 You probably already see a problem with the asking price based on the NOI.

I own and operate a credit enhancement company and will help you if you call me directly.

The value will be based on a multiple of net operating income.Learn what the going cap rates in the area are.    

I would carefully review what the compliance issues are for the balance of the term with respect to the operations.  

"Pool" your money with an operating agreement for the LLC that spells out everything (who does what, who invests what %, etc.) then find private lenders who will loan you the money to purchase the homes, not banks. 

@Alex Craig one thing I disagree with you on is the turn key operators cost of capital to buy and rehab...

Google street view till this day has dealership operating.