Meeting potential tenants than screening their background with enough applicants should give a pretty good idea which direction to go.

Don't be afraid to Jump In - sometimes we tend to over analyze deals and based on your educational background this may hold true... don't be afraid to jump in... the best experience you can get is by making mistakes. the best mistake to make is ending up with a cash flowing tangible asset

I have started discussions with lenders to refinance a MF in Phoenix and I was curious about appraisals and the cost incurred by them.Quick background:  There are currently 10 CLOSED listings from the past couple of months on the MLS of other MFs exactly like mine (same build).  

Having no construction back ground will make passing the test difficult.

I know this explanation is a bit of overkill, but sometimes its helpful to know the background.  

Do you do background checks and verify income? 

Even if you don't want to get your license, I think you'd get a lot out of the course when it comes to how a typical transaction works, who the major players are, what a contract looks like, etc.I think you're missing some very basic background information about how the purchase and sale of properties work, and that could get in the way of actually making offers.

What did you run into and what background info should I be looking for?

However, as I gain more experience, I've transitioned more to care about quality of cash flow over quantity (which seems like we are on the same page), more about long term growth in rents and prices (but who knows what happens short term) having seen the power in them absolutely dominating my returns over day one cash flow in the long haul, having sold some stuff as well as cash out refinance I care about equity position as it gives you more options in terms of exit strategies, and having sat out a large part of the recovery (after 2012) on new buy and hold acquisitions while some smart flipper friends made lots more money I have learned to become more strategy agnostic to adapt to the strategy that the local market is telling me is the best rather than sit on the sidelines or worse yet force thin profit deals with just one strategy.

I have background and skills in the following areas:-Administrative (paperwork, emails, phone calls, using office equipment, and can type 50WPM)-Sales -Customer Service-Working with a high volume of workload and performing well under pressure and deadlines-I am an Army Veteran so it is second nature to be quick and ready to adapt and change plans in an instance -I'm polite, professional, and motivatedIf you believe that you could use some help in any of the areas I am strong in and are able to share some knowledge with me as I grow into being an investor myself, feel free to contact me via Private Message and hopefully we can build a great working relationship.Thanks Sabrina Hill