Originally posted by @Sonam Gill:Talking to a commercial broker (who knows the area and knows multi-family in the area) might help you sort out possible options of what to do.Also talking to a knowledgeable multi-family property manager who works in the area with rentals of this size, might be wise.People who know this area and property type.But ultimately its up to you to come with a vision for the property and write the checks for the work.Good Luck!

Each size has a different width due to how hard it is to park a longer unit at the very front angle of their turn in. 20’s- 10 wide; 30’s- 12 wide; 40’s- 15 wide.

Full is the next size smaller than a queen. 

A good number will vary based on the current market and the size of your metro area.Can you share a recent closing document or HUD?

Without knowing the size of the roof or more detailed scope, at first glance I'd say yes it seems very high and you should shop around.

@David Robinson There were a number of factors that made Knoxville appealing for us.1- Mid/Small size city which we are more comfortable (similar to what Colorado Springs used to be) 2- Newer homes in general (i don't have expertise in the challenges associated with 100 year old SFHs)3- Diverse and growing economy (UT, Government Jobs, and Medical to name a few)4- Affordability (Turnkey SFHs are available in the low $200K in great neighborhoods)5- It seems more off the radar for investors than Memphis and Nashville which means less competitionAs for credit score, mine actually dropped from 780 to 760.

Yes you may want to start with a smaller sized multi family, but I'd go in from day 1 treating this as a business and building the systems that can support larger deals and repeat acquisitions.

Example: If they have a vacancy they get don't get the percentage of the vacant unit/units in the management fee for that month instead of them earning a fee on the entire portfolio size vacant or not.- Make sure the company you are contracting to manage has people within the company to oversee the maintenance that needs to be done instead of having them contracting another company to do the work.

Appraisers are supposed to look at location, configuration, size, condition, style and then after all of that is done, then they can get super picky with aspects pertaining to lot location, lot size, or uniqueness of the property or whatnot, such as the floor plan.

I am sensitive to the notion that we're in a pandemic and as far as I know nobody in the building is struggling from COVID-19 circumstances yet the size of the monthly loan payments is going to force my hand to bring many of the units up to market rates.