These people are in charge of fixing minor things throughout the portfolio but the main job is to coordinate and manage sub contractors that we send out to some of the larger jobs.

Try finding a mentor to work with at your local rei club.Also, you could find a contractor that may be willing to do estimates for a fee.The main thing is to have good mls comps (ARV) and an accurate rehab estimate.

MLS mainly, though I just subscribed to Loopnet with the tools.

Some folks on the site (Memphis-based, I think) were recently advocating that you shouldn't supply appliances.

The link hopefully now shows much better: http://www.whizbang.net/eastbroadwayRE: How much work I do - I'm mainly the light handyman and grunt worker.

My quad's come out to 64,000 a door for 850 to 950 a month in rent on my apartments.I don't look at it only from a cash flow perspective however.The area I have the buildings in is an A location prime for redevelopment down the road.Mike it sounds like your local market is competitive with investors and your margins are thin.On one hand it is good to be in a thriving market where demand is strong because usually supply is lower and the amount of rentals and new development for multifamily cannot meet demand.This helps rents grow at a rate that outpaces utility increases and inflation.The downside is it can make some investors overspend on a property because they feel good about the market.I looked for over 2 years before I bought something.I said many times those buyers were nuts.I tracked the properties and many investment properties after purchase just 1 to 2 years later went into foreclosure.They bought at such a price that it wasn't sustainable.I look for a 10 CAP or better on my purchases.The problem is if you someone who has only gotten 1 percent interest off of a CD or Treasuries or they have gotten beat up in the stock market.Those types of buyers jump up and down to get a 7% annual CAP return beating out your offers everyday of the week.By in large many buyers like this can be lazy.They only look in the MLS for listed properties.Value can be found marketing to sellers that are not on the market.They don't want to make public all of their problems ( I know it is common knowledge of default at some point but this is their mindset ).

I do understand about time and money.This is why mainly I do my commercial listings and work on my own investment deals.If I have to take time away from that then I have to be compensated otherwise I am losing money from not working on that activity.

Our main focus was on contract assignments due to my lack of funds., I didn't understand a lot of this at first and to be honest, still a little fuzzy.

My main issue right now actually is coordinating the application.

The mechanism is tied to a couple key things, the main factor being reserve capital quotients, which is then tied into the market movement of lending as a whole.