I mention this because you already own other MF property, probably know some people who may be like-minded, and the down payment $1.7M price tag is easily within reach for an LLC with just a few people.

I have traveled all over the world, everywhere there is pro's and there is con's, every region and climate has it's own unique issues to address, with that MN is no different.

I even have some duplexes where the sound travels from one unit to the next.What are your tips or tricks to mitigate this?

If it cools, I can convert it to a long-term rental and still easily cover my costs and make a profit.I would not purchase something without a backup plan in place.

I think these are easily to copy by other firms.  

This rule for me rolls up everything you asked into a simple tool to allow me to easily analyze most deals in my area.

I got a quote from Travellers for 1K cheaper but they want 6-months lease agreements on tenants.

If you show too easily you will just entertain no shows and tire kickers.

Hi All,I am pretty new in the real estate industry and I have recently closed my first deal.I have noticed that I spent a lot of time during the deal evaluations between: - calculating the estimated rents- checking property taxes- neighborhood: vacancy rate, crime, eviction rate, etc- average property management fees- average repair costs- mortgage rates- condition of the property/repairs needed for rent readiness- etcI have a spreadsheet where I capture all the above in order to calculate the potential ROI (leveraged and not) but doing this for a lot of properties is pretty time consuming.Most of the information above can also be easily found online by various means and this information could potentially be ingested by online services.Does anyone know an online tool that would calculate estimated property ROIs with up to date/real information and potentially offer a property search based on ROI?

If you go with a commercial deal, then you won't be able to refinance quite as easily as the local banks are much more conservative.