After securing a deal, your focus will shift to closing, finding tenants, and setting up efficient management.If you haven’t already, building relationships with local agents, contractors, and property managers in PA can save you a lot of time and hassle

How much have you over-improved the property?

Moving to a portfolio model—where a pod (1 PM + 2 VAs) manages all aspects of 200+ units—streamlined operations and improved accountability.

Thanks for your time and energy. 

Unfortunately many of the improvement costs do not deviate greatly when you’re renovating a lower cost property  in a particular market compared to a more expensive property  in the very same market which makes it difficult to absorb the improvement costs in some areas.

If not, then serve the non-renewal and prepare to turn the unit as efficiently as possible to reduce costs and vacancy.

The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.

Our ability to act quickly and decisively ensured we could close the deal efficiently, making it a win for both the seller and our team.

I'm looking at MFH $450k and up in the Ohio markets (Dayton, Cleveland and Columbus).Cash:- Higher CoC returns- No risk to being having negative cash flow with a loan (excluding capex)- Buying/negotiating power with speed of transaction - No interest payments- No risk of foreclosureFinanced:- Possible exponential equity growth - Growth of initial investment is leveraged ~4x and most likely beat inflation in a decent area- Mortgage interest tax deductions - Better financial efficiency from more doors- Better diversification across more properties Are there other considerations I'm missing? 

These are battle scars that will make your processes better and more efficient in the future.