@Andre Kimbrough yes me and my partners buy apartment buildings that are under performing, then stabilize them refinance and move on to the next. 

I've never done it before so I'm looking for any advice or due diligence actions that would need to be performed before moving forward.

Preparing form contracts isn't an overly complex matter and the amount of time expended to create the contracts can be estimated, so I would suggest trying to get a flat-fee rate over an hourly fee for completing such tasks. 

Being a distressed seller during a downturn is not where you want to be Be more conservative underwriting – multifamily properties are priced based off their current financial performance only.

Or, once you have your PM in place would you expect them to perform this as a service of the 10% PM fee?

What are some ways I can go about getting the funds needed to perform the repairs so I can start generating income 

Basically I would like to write her checks as an independent contractor (as she performs the work), with no taxes paid as long as she stays under the standard deduction of $12,400.00 per year. 

i quickly realized this was taking up a lot of my time and 9 times out of 10 they used my quote to as a negotiating tactic to reduce the sales price, then performed the work themselves or put it out to bid again. 

Purchase price: $184,400 Cash invested: $8,101 Sale price: $227,500 Contributors: Corby Goade Not a wholesale but a "Wholetail", I found this property via direct mail (handwritten letters) and helped the woman perform a 1031 so she could get her granddaughter in the school district she wanted.

Have great team members and drop the ones who are not performing to your standard.