I house hacked this 4-unit property start year of 2022, moved out in a triplex in 2023.

Whether it’s reconfiguring layouts, adding square footage, or converting single-family homes into multi-unit rentals, the goal is to unlock value where others don’t see it.Distressed properties aren’t for everyone, but for those willing to put in the work, they offer some of the best returns in real estate. 

Typically repairs are something they would coordinate with tenants - did they inspect the unit, indicate they would be the primary POC going forward, etc.? 

I believe buildings with five or more units are classified as multi-family properties.

Investment Info:Small multi-family (2-4 units) note investment investment.

Purchase price: $645,000 Cash invested: $516,000 80% cash purchase.2,437 sq ft Duplex, with 3b 2b for the front unit (1331), 4b 2b for the back unit (1333).   

Investment Info:Large multi-family (5+ units) commercial investment investment.

I let people do it if they’ll rent a batch of units.

Say, I have a potential client that has asked me to value a 7 unit apartment building.

I've been doing that strategy in Ohio to scale, but you need to live in one of the units.