Fortunately I am going to be able to support myself even if I couldn't rent the property right away.One thing I clearly underestimated though was the quality of tenants.

Each of these homes produced a profit as large as my yearly salary and required MUCH less labor then a standard 2000 hour work year.

What is considered standard for a complex of that size?

Look beyond what a "standard" engineer makes and look for the high paying niche.

Taking payment for consulting on a job is a standard thing.

They are thought-leaders of the industry, so I'd bet long on the quality of the event.

The key to selling it is this: out of every 100 people you talk to, 50 of them will eventually go on to list. 40 of them will be tire kickers. 10 will really need to sell, and of those, 1 or 2 will be standard wholesale deal worthy, while the other 8 will need a more complicated strategy, such as sub 2.You need to find a way to monetize those 58 motivated people that you wont be doing a deal with.

Seems as though the standards aren't always the same.

In regards to your question concerning FMV percentages and purchase prices, I have to say first and foremost there’s an exception to every rule and this is a business of exceptions but normally how it works is a trade desk pushes out a tape of assets and you would bid on the quality of the tape.

Concentrate on securing a quality deal as experienced real estate investors are not going to be sold by a green 19 year old.