I feel like there's a much faster and more efficient way.

Most people will discuss the following benefits of multifamily (1) economies of scale (2) for 5 units and above, you can impact the value of the property by increasing the NOI (3) efficiency...all units in one location (4) some regional multifamily vendors/contractors for things like painting and flooring are very affordable, quick, have systems in place and will be around for the long haul.For me, I moved to MF because I had too...not enough time to source SFR.One of the biggest challenges you will hear about MF is finding good property management if you have to outsource.  

I don't want to be taken advantage of, so does anybody have advice for ensuring that they are compensating me for the leads they convert into deals?

Hello, I am looking for some help to be able to figure out which approach is the most tax efficient approach.Here is the scenario...I have 300,000 dollars which I am going to spend on a Duplex.

There is a consultant/inspector hired by the bank to monitor the project along the way to ensure everything is up to snuff. 

Could possibly pay them on sale of finished property if you know them and they are on time with reno's in the past. 4) Buy with your money and renovate with your money and hold for 1 years to ensure tax burden is better and rent out in the meantime after you reno. 

I would just recommend that you review these to ensure they are in line with the Class of asset and class of area (i.e. if this is a class C property in a class C area, you will want to probably over estimate your maintenance costs due to age of property and include a bad debt factor for any lost/missed rent payments).Finally, since you say all these expenses are estimates I would highly recommend having your realtor get a T-12, Rent Roll, and P&L from the current owner.

Hi @Bobby Barlow in my opinion this property appears to be something worth fully doing the numbers on if you were ready to invest; however there are expenses that the seller didn't provide an estimate for in which you would need to ensure you include when doing your numbers (and it doesn't appear that the $500 for taxes and insurance includes these expenses) those expenses are repairs and maintenance (and I'm referring to maintenance issues that will occur while holding the property and not the $15K for the foundation, the foundation issue should be part of the reason the seller is willing to accept less than what he thinks it's worth) management, and reserves for replacement.

Electricity varies widely based on two factors: 1) provider - we have deregulated electricity service here in Texas, with a wide range of plans and rates: and 2) How energy efficient the home and particularly the A/C unit is.  

I guess that their expectations of performing quickly, and efficiently should be reciprocated.In the end, I really can't walk.