The portfolio consists of 11 properties and is currently 80% occupied.

I'm looking to perform a 1031 exchange for a single family home that I've owned for 3 years for a duplex and I've come across some bumps, mainly financing bumps.  

Here's a great post from BP on the Questions to ask a PMI've always found that I need someone to help with the leasing but I can perform the day-to-day management remotely.

my wife and i are considering bidding on a hubzu auction house. we would like to know what due diligence generally consists of. this will be our first deal and it will be our personal residence.any advice on what exactly we should check out would be much appreciated thanks

As far as performing our due diligence can we perform criminal checks or should we keep as far as credit checks ?

If you’re interested, as @Steve Wynne mentioned, I cohost a networking meeting for the local BP community, just set up a keyword alert for Meetups in Tacoma or send me a PM and I let you know about the next one.Hope to see you around the forums and around the Sound.Taking consistent Action,Kevin

I think the 2% rule-of-thumb has its merits and can act as a quick and dirty way of performing a calculation.

Just be patient and consistent.  

Freddie loans are accessed through a network of correspondent lenders, called Seller/Servicers, who perform a similar role as FNMA’s DUS lenders.

They already know you, they are familiar with your offer and they trust you (because of the repetition, you demonstrate consistency, you are not a one flash in the pan and then never heard of again).