With 4 plexes and below, the sale value is based on the market approach, so potential buyers will look for sale prices of other duplexes in the area. 

My friend and I are looking for any guidance regarding the approach we should take when contacting the owner; i.e., what questions to ask them, what information to disclose about ourselves Furthermore, should we have a real estate attorney in case the owners are interested in selling? 

Once the rehab was a month from completion I approached my lender about getting an appraisal for a cash out refi.

Do you agree or disagree with this approach? 

Still don't know if it's on a lease or if it's month to month.Can anybody give me some tips on how to approach this?

My question: I’m planning to go with a value add approach to 5-12 unit apartments in Kansas City area.

Home sellers have the upper hand in this market, I believe your best approach is to consistently put in offers and see if one lands.

I was trying to avoid the cost of hard money if at all possible so they may go for this approach?  

Such a saturated market, sellers (and now auctioneers) can ask anything and get it.My only way to pursue this is to approach the owner directly, if they can be found, and make a simple low cash offer to make their headache go away.  

As I approached the apartment I could see, she was not joking, it was gallons pouring down, gallons, and it's RED!