A lot of investors (especially institutions) will prefer a deal with $10 million expected profit at a 9% IRR to a deal with $100,000 expected profit and a 30% IRR. 

When my agent and I pointed that out to the seller, he stated that they are not violations but open permits that he will begin resolving ASAP and at closing will have a valid green card for the property.My attorney has said from his experience expect this process to take at a minimum 60 days. 

I've been told that when buying 3-4 units, about 3 months of cash reserves is expected for just in case things go wrong.

@Andrew Pappas If you are to use his PM company, can you make sure you have an out clause within 3-6 months, if they are not meeting your expectations?

I understand regulations are still pending from Dept of Treasury but what are your thoughts / expectations about the benefits for an investor that is not looking to invest money from capital gains?

Also, Investors would want to know the expected rent per month?

@Daniel Danyus, is the ARV really expected to be less than your acquisition and rehab costs?

Expectations?

I am curious to better understand the expected time frames for completing the refinancing part of the BRRRR strategy.

Interest rates today have been artificially kept at historic lows, and are expected to rise in the coming years.