@Mark WilliamsThe valuation of commercial asset (which your 24 unit building is) is driven by the NOI of the asset, the building class, the cap rate for that asset class in the area where the building is located and thit is very different from the purchase and sale of residential properties for which the value is determined by the price other people paid for similar properties.it is important to look at the P&L statement for the building you are looking to purchase and verify that it accounts for the expenses and income to work out the true NOI.The NOI divided by the cap rate and divided by the number of units would give you the price you should expect to pay.That price per unit will vary depending on the class of asset it is.Class A commands the highest price per unit and the lowest cap rateClass D commands the lowest price per unit and the highest cap rateNot the precise answer you were expecting but hope it helps.

Just as a few ideas of where you can look depending on your budget and cash flow expectations. 

Something I've learned from Brandon and Josh on the BP Podcast, is that it's only fair that I should be expected to provide value to you if I want education/ mentoring in return.

However I purchased the land for $65k and I wasn’t expecting another $30k just for the permits/plans to put down a gravel pad.

Can you tell me for each above, give me a decent  number target, a good #,  and what is a great # to achieve on each item above.Also, for me,  I have two rentals,  1st bought in 2001,  2nd bought in 2014.What is a decent, good, and great $$ amount for cash flow to expect YOU would expect on a home purchased back in 2001, & 2014.  

I wouldn't expect them to walk you through doing this transaction the right way, but they ought to be able to give you guidance on what things to avoid doing in order to keep yourself in good standing with CAR.

They may sell faster than what you expect..Good Luck!

I am really interested in the Pittsburgh market and I know home values have been appreciating quite consistently over several years and expected to continue on the trend.

I was not expecting another grand. 

@Travis Buck all I am saying is the IRS for minor dependents will expect a seperate tax return OR to file as part of yours.