I also use an excel spread sheet (13 pages) based on CSI categories to collect cost data on larger rehabs.

Many larger development companies have gone to hiring separate engineering firms just to conduct due diligence because of this concern.

The 5th unit has been occupied for 6 years, needs updating but tenants seem to be happy with current conditions.He own's 2 properties next door to eachother

I am 21 years old and am very eager to get my foot in the door.

I picked up some carpet the other day for one of my rentals, 55 cents per Sq Ft. and storm door for $87.

When you compare the cost per door for a multi-family with the price of a single family home.. in some areas there is not much difference.

When he removed the dirt from the area, he removed more than a five gallon bucket of rocks, many about softball size, a few larger, most about baseball size or so.

I have been doing due diligence for properties available in my area based on the 50% rule and $100/door cash flow.

Open up the door, and I'll get it myself!

You can be a very effective wholesaler if you just want to work in your spare time around your work schedule, but it will take a larger time committment than just driving around and finding prospective houses.