I buy in Birmingham where okayish properties list for 50k, can be rent ready for 2-5k, and have ARVs of 80-90k.If I can put 5k in and get the appraisal to 85k that will allow me to be front end profitable on rentals after refinance. 

Also, your reputation will take a hit with the listing broker if you need to back out.Best approach is to "raise" money first.

For instance, while it can bolster initial cash flow by reducing tax liability, it could diminish deductions in subsequent years (when the property might produce better cashflow), impacting overall tax footprint, so you need to take into account all that in the context of your short term and long term tax strategy (e.g. if you plan on selling soon, at which time the depreciation gets recovered, or not and planning to hold for a long term/forever/1031, buying more later and creating more depreciation to offset cashflow or not, etc.).The alternative is a do-it-yourself (DIY) or survey option, which costs around $400 to $500 per property (I can do my CSS report in 10min, once I have all the data needed).

The secret, and the biggest obstacle to success, is understanding that ALL, not just some. of the above list must be met. 

Your initial post said it was listed on Zillow . . . your second one said it was not listed . . . that makes a difference. 

Please share any great data sources you have found or tips on evaluating areas.My 1-year goal is to purchase 3 multi-family properties, with 8 to 40 units, at least $5000/month of initial cash flow, and some opportunities to improve operations and increase cash flow.I am hoping to forge alliances with like-minded investors to fund Win-Win deals.I am so excited that I have officially started my RE Investing journey!

I also have them initial that section I read it to them and all in agreement.

There's a portion of folks who are underwater and looking to get out, I'm on email list for STRs for sale out here in Denver.2) Long shot, but what's in it for the owner? 

My question is as the co-cost/listing manager what protections do I need?

I initially bought it in 2016 and converted the carport into a one bedroom studio where I lived for a couple years Airbnbing the main house.