I am originally from PA and still have family there. 

Hi BP Family "I’m working on a 15-unit multi-family deal with strong rental & value-add potential.

The problem is, you can't put the unique challenges that each single family home has on a spread sheet.  

But don't let this guy take advantage of you, you have a business to run after all....you need the money, your family needs the money. 

Especially now with the eviction moratoriums and less hope of being able to collect or evict tenants when you are relying on 1 family to pay the rent or not in your property.

They have connections there who they have known forever and trust like family.

NOTE: most property management software is designed so that any building with more than one unit is categorized as a multi-family property.

You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.

Lucas,A word of caution with the idea of working with family or friends.....DON'T.You are welcome.Cheers!

All IRA-related transactions must be "arm's length", in other words, IRA can't get involved in any transaction with yourself, your immediate family members or any entities these individuals own or control.