You are simply an employee of your business if you are doing the work yourself, and the money that is potentially costing you, far outweighs what you could be making, if you were focused on big picture tasks, instead of hanging drywall or laying tile.

I'm still trying to figure out my market, what niche I'm interested in, and exactly what location (geographic) I want to focus in.

You should focus on yield management.

However, I wonder why you are focused closer to home in PA. 

We focus primarily on real estate lending and most banks are going to price their loans at a spread over the 5yr or 10 yr treasury.

He should be glad and not charge  you an arm and a leg so he can focus on other things now and have his workload more balanced throughout the year.I don't know if realtyshares provided you an estimate K-1.

@Roxanna Pifer - I have been switching my focus to include Monroe county the past two months.

@Mike Taravella, in future, you'll be better served by being less in a hurry to buy anything that comes on the market just because you can afford it, and more focused on buying bargains - even if you have to wait to pounce.

you can separately meter the units and have them pay water as a way to cut your expenses. then I would make sure the exterior would draw the eye and interior focus on the money areas (kitchen and baths). functionality of the units is another route to take on the interior.

I've generally purchased properties that had the potential to generate additional NOI and I've managed them such that I've forced quite a bit of equity, however, my main focus is cash flow.