Typically he higher the rent point the lower the pm fee as a percentage of rent.  

., the Colorado lots),Either hold them as-is or do a build-to-suit 1031 exchange (complex, using an Exchange Accommodation Titleholder),Rent the new builds for a reasonable period (typically 1–2 years) to show investment intent, thenSell or 1031 again later.The key test is intent to hold for investment, not resale.

Typically, they will let you use 75% of the rent as debt service, so you'll probably get approval of 2400+75% of expected rent for the units you aren't in. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

This typically includes a seasoned tax advisor with real estate expertise, along with an asset protection attorney who understands both your investment strategy and risk tolerance.

Hard money loans are typically for short durations - not loans youd want to maintain for the long term. 

How do you typically underwrite risk when evaluating seasoned notes?

It can typically be underwritten like any other rental property, just with the expectation there are going to be extra costs involved to split the lot, but that's where you are creating value.  

I live in a market where, at the time, typical 4plexes were going in the 400-500k range.

That’s why before responding to his demand, it’s worth confirming with a local landlord-tenant attorney whether you were legally required to pay relocation assistance, and if so, how much.His claim for $18,800 sounds like it’s based more on personal disruption than on any statutory requirement, and courts typically look to what the law requires rather than subjective hardship claims.