We specialize in not only property management but we also have an excellent association management team also.

Any advice is greatly appreciated.David,Here's what I do for my multi-family buyers:Yes it is hard to estimate for maintenance because of a lot of variablesBut I know its expense is less for more units, for things like 16+ unit buildings, onsite maintenance room for storage materials, onsite employees use less hours to do work ordersSome entities even volunteer their residents to pick up grounds, hence minimizing your maintenance costsIf hdsupply.com accepts your account they specialize in multi-family buildings and you don't have to use man power for delivery or pickups And yes, you can do analysis paralysis but it might help you the bank's formula DCRThe 1031 buyers look at expenses differently Yes there's a number per door, e.g. if the units have been neglected you will spend at least one month's rent in turn ready unit expense    An organized well lubricated team should turn ready units in 2-3 daysPay close attention to the human factor, i.e. low self-esteem employees who will take longer to turn ready units or do work orders with poorly workmanship, theft, etc In capital expenses, concentrate in a few and more expensive to start with, AC, plumbing, electrical

Basically, you have to be buying in an area that is NOT predominately rentals if you want your property to appreciate.If you want appreciation, get yourself a professional, local team.  

It is a good way to grow your team and your knowledge at the same time.  

Refine your goal and determine who you want on your team.  

As a team we're excited to meet fellow investors. 

My team leader is training me to find investment opportunities for a few foreign investors who she has found many profitable deals for in the past.  

I think i'v read every book on the planet related to this field in the last three months and now i'm building my team and putting the foundation in place for the long term. 

This is a great opportunity to build your team and get a good investor-friendly agent in your court.Good luck.

Build a solid relationship with them and you will have the start of a good team.