If down the road I ever come to the realization that there are no more people qualifying under #1, #2 and #3, then perhaps I would have to re-evaluate my criteria and end up being a slumlord........sure hope not though.

Of course the premium will be higher but you can have insurance if you need it.Every case is different and you have to evaluate your own needs.

Hi guys,Can you please evaluate this deal for me.

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.