The market is priced correct for the expected investment return in all markets.  

I have the typical competitive drive you'd expect out of an athlete.

A lot of investors (especially institutions) will prefer a deal with $10 million expected profit at a 9% IRR to a deal with $100,000 expected profit and a 30% IRR. 

When my agent and I pointed that out to the seller, he stated that they are not violations but open permits that he will begin resolving ASAP and at closing will have a valid green card for the property.My attorney has said from his experience expect this process to take at a minimum 60 days. 

I've been told that when buying 3-4 units, about 3 months of cash reserves is expected for just in case things go wrong.

@Andrew Pappas If you are to use his PM company, can you make sure you have an out clause within 3-6 months, if they are not meeting your expectations?

I understand regulations are still pending from Dept of Treasury but what are your thoughts / expectations about the benefits for an investor that is not looking to invest money from capital gains?

Also, Investors would want to know the expected rent per month?

@Daniel Danyus, is the ARV really expected to be less than your acquisition and rehab costs?

Expectations?