Hi All,I was able to find a seller that is looking to offload a whole portfolio in the Cincinnati area of multi family buildings (80 doors in total, 8 buildings from triplex to 25 units) it's all off market and all units look to be in good condition but dated (baths/kitchen) so great value add properties.I have NO experience with commercial buildings or Syndication of this proportions , he wants $7.5M for the whole portfolio. 

This is an excellent technique if you don't have time to run back and forth for multiple showings.

I will run this through my CPA, but any input from other investors in a similar situation will be greatly appreciated. 

So make sure you run a thorough analysis on ALL the expenses and all the factors taking into consideration more things than just the cash flow.

Yes indeed mate.I probably would have fixed the rate also but "underwritten" the deal from a worst case rate scenario like I would do with SFH if financing.I'm not versed in large multifamily deals and would love to learn more.I think I could really do some "damage" in the field because I own and run a property management company and we run a tight ship that's very well optimized from an automation aspect and affiliate fee structure standpoint.So my bottom line for example buying a 50 or 100 unit would be much safer/higher due to in-house PM and "working" the margin.

I am also licensed in the state, and have many deals done over the past two years so experience I haven't run in to an issue with any lenders so far.

If it was my own house and I had young babies again I would cover that I also put door latches on cabinets and locks at top of basement door.

Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!

I own 12-doors there.

You're also taking out a larger loan with a cash-out refinance so you can receive some in cash, so you'll pay more interest in the long run.