So as I evaluate multi-family properties in areas that I would like to purchase, it always seems like they are WAY overpriced.

As I'm sure you are all aware, they require you to be an accredited investor, but the evaluation is based off self reporting through check boxes.

And with such a helpful bunch of people that I've already found on BP, I know that my goals will be reached and surpassed far beyond my wildest dreams.At the moment I am learning how the wholesaling business works, and fully intend to start marketing and finding/evaluating deals within the next month.

So my suggestion would be get to the point where you can put together a really good evaluation package on cost in, rehab. cost, and exit plan.

BP has several GREAT articles on renting and evaluating tenants.

Wow that is awesome progress!

@Kim Book have a look in the Deal Analysis and Advice forum for examples of how to do the evaluation.

I checked in daily and on Friday, went to see the progress (he was only supposed to clean out trash and remove some old tile).

(Tuckpointing in progress without permit)Center stairwell - treads are loose, deck boards are rotting, and tiles are missingHoles in wallsExterminate roachesReplace 6 hot water tanks per violation only, no electricalThe rest of the citations and violations are cosmetic and practical things.

Any spreadsheets or calculators to help with evaluating properties for lease / hold investors?