Hello - This is our first investment property, and we're excited/anxious to get into the multi-family space. Seller just accepted our offer, but we still have multiple opportunities to walk away. We realize this isn't...

He went on to say that he was the maintenance man for a flea market type place that was a really popular place and would bring in every weekend at least five thousand people on Friday and Saturday.

We have been analyzing properties for a few months now and we found that there are more opportunities to find a property that meets our budget and cash flow in a 55+ community than any other community.

I would suggest analyzing a ton of deals before pulling out any cash in your condo.

We have one person providing the capital, one construction expert to oversee contractors, and someone to analyze and acquire the deal (this may typically merit just a finders fee?).

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We just purchased our first duplex this month so should we wait to see how this goes and scan the area for the next few months or should we take this time to build a second team while still analyzing deals in Maine?

Hey BP Community, Recently when I have been observing others analyze multifamily deals I keep seeing these two terms Market Rent Discount that they are withholding as another reserve account for the property, along with another reserve titled "bad debt". 

It was an as-is purchase and we did estimate a certain level of rehab when analyzing the deal.

This rule is just to see if this deal is worth you looking deepInto your deal but shouldn’t stop you from analyzing it.