I am looking at a 5 unit building that I want to do a condo conversion on. 4 units would be vacant 1 has a rent controlled tenant in there who does not want to move.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Miami.

While I’m open to 6–10 unit properties, my long-term goal is to work with 20–300 unit buildings where I can put my skills to good use.

Purchase price: $1,100,000 Cash invested: $400,000 Sale price: $2,200,000 High-end property rehab with 4 individual units.

If you are purchasing that MF property for $1 mil then you can use the 3 units as your replacment for the 1031 exchange ($750K of value) and live in the last unit ($250K of value).An awesome way to house hack your way up!!! 

We have grown over the years to manage 11 buildings and 25 units.

Ask how many units they manage and how much experience they have.

Ask how many units they manage and how much experience they have.

I don't number my properties (I don't own anything anymore I don't want to keep) but I do keep tabs on my net profit independent of income taxes on each unit because if a unit starts to slip I need to know if it can be salvaged (have I been consistent with rent increases?

Ask how many units they manage and how much experience they have.