When a Loan Officer or Mortgage Banker has initial information including assets, income, credit they run DU and sometimes also LP which may have enough information available on past appraisals done in the tract.

It looks like break even at best at least initially while I still have the 401k loan.

It's a mix of on demand videos, live Q&A sessions, and a step-by-step curriculum to help you get your next deal.

You haven't provided enough information to assess if this is a good multifamily deal outside of the initial CoC. 

Money needed to buy and rehab - $160k purchase, $10k rehab, $10k closing costs = $180,000 - INITIAL OUT OF POCKET = $7,500.  

The only flips that qualify for 1031 that I know of is IF your initial intent was to hold long term, you did hold for at least 366 days, and you can show that your intent was to hold from the start but circumstances changed.

There are 5 touch points.  1 is the initial posting on the door - (some leases will allow tenants to waive their rights to a 10 days notice - for late rents) or a 30 days notice is required on a MTM lease. 2 is the magistrate filing (about $150 to $175 - depends on how much is owed, and how many people on lease or you'll have to write "Et tal" after 1 name to cover the entire household when you don't know exactly who lives there. 3 is going to court - the local magistrate will mail you a date and time to appear.  4 is waiting the 10 days after you won possession.

So I’m wondering, as well as my initial work getting the deal should I have more skin in the game.?

It'll be a mix of on demand videos, live Q&A sessions, and a step-by-step curriculum to help you get your next deal.

It's a mix of on demand videos, live Q&A sessions, and a step-by-step curriculum to help you get your next deal.