Direction purchasing smaller multi-tenant properties needed.

[Ray Stringer]

Hey BP Fans,

I'm just thinking about getting my toes wet in the multi family market. I've got some SFR condos right now and thinking about bundling the money and purchasing a 4- or 5-plex. I have a few in mind in my area and was hoping that someone could give a few pointers on what I should be looking for with the properties. Rents are low on the one property I'm looking at and at $625K, I feel rents could go up close to $100/door without too much push back because of the location.

Touring the outside of the product tomorrow and if it looks good, I am going to work on getting in next week.

Any pointers or thoughts anyone has that they can share would be appreciated!

Thanks,

Ray