- Hold it, rent as-is; hold it, repair and rent upgraded; wholesale it; flip it (fix it and sell it fully occupied)That will base how to answer your question.In my multi-family deals I am looking at:1. proximity to my existing portfolio, neighborhood areas2. pro-forma cash-on-cash return,3. pro-forma cap rate and comparable sales cap-rateIf you are looking to flip it, you would care mostly about pro-forma cap rate compared to the comparable sale cap-rate.If you are keeping it you probably care mostly about cash-on-cash return.

I apologize for having too many questions - I do have a tendency to talk/type as I think, like a stream of consciousness, and sometimes thinkin out loud has its drawbacks lol.

This takes a very conscious effort, but you get used to it rather quickly.

I don’t see the need to upgrade anytime soon.As I find more great products that are either already customized or can be customized for this industry I’ll definitely share.

Due to interested people who want to help, things like the audited financial statements can be donated or heavily discounted which would impact the bottom line numbers to get started.It would also require a lot more communication about the project, the repairs and upgrades needed and how things work for everyone in the long run than if I put the same info out here - most of the little guys who would fund that may have bought their own house before but that would be the limit of their real estate experience for the most part.I think the individual investors would be looking at smaller return in exchange for their cash along with the idea of doing something worthwhile - $2,000 invested for a cause they believe in @ 3-4% versus a CD at the bank on a number of levels.

Congrats on the deals, @Dave Savage and thanks for upgrading to BiggerPockets PRO.

Also could be offered as an upgrade to the sales or rental contract if wanted. 

If you can't walk through and estimate repair/upgrade costs realistically, take along someone who can.

I would not be surprised if after closing costs and upgrades to the current property, you would be out over $22,000 or $23,000.I would try to beat him up on the price.

The house that I'm living in could use about $10-15k of cosmetic upgrades (bathrooms being the main expense) so I plan on saving for that before saving for my next downpayment.