Some people evaluate multifamily a little differently, treat it like a larger multifamily or commercial property if you can't find comps.Brian Haskins

What do YOU think its worth from your evaluation of recent comparable sales?

You have to evaluate what type of REI you want to be.

Consequently, you need to make sure you have an exhaustive due diligence checklist and evaluate the deal based on its own merits given your criteria and ignore what others are doing.Having said that the price per door of comparables in the area is a healthy sanity check to see whether or not your bid price is in line with the market.

@Peter,I agree with your evaluation of repair costs so I send an second contractor to this building on Thursday.I got last three years tax statements, rent rolls and profit & lost from his cpa.Best is there is no agent he sells personally.

I've been plugging properties into the Rich Dad Evaluating program and I figure for someone with no experience, a % would be easier than individually inputting accounting, business, taxes, utilities, etc, since I don't know exact figures for those yet.

I also think we need to evaluate our military goals.

Your BPO background would be helpful in evaluating good ones to take.Jackie

A combination of education, taking a step back and evaluating where they are and how they got there, and where they want to be.

While it may not be accurate, it sounds more conservative then your current numbers, and conservative is good when you're evaluating a deal