,  occupancy rates, capex plans, competitor rental rate study, market study, etc.  

This deal was brought us off-market by a friend.

Considering recent market insights, reallocating your $300K brokerage account into a multifamily property while keeping your townhouse rented could be advantageous.Warren Buffett’s Berkshire Hathaway has accumulated a record amount of cash, suggesting a cautious stance due to potential market overvaluation.

The area has seen growth in both the residential and rental markets, making it a potentially lucrative investment.For financing, you can explore options like conventional loans, FHA loans (for owner-occupied properties), or even local programs that might offer lower down payments for investment properties.

Best if the people you work with are in your area and know your market. 

Even when the market is down, gradually adjust rents so tenants don’t experience a huge price shock later.

For example,  if no one else bids on the property or it stays on the market longer than the bid window and they do not accept an offer?

Screen tenants thoroughly, have a solid lease, and maintain an emergency fund for unexpected expenses.

Quote from @Yaroslav Shtogun: Good morning,Some updates, we did home inspection and the house is not good condition since it was built in 1950 and was not maintained well.

Plenty of comps and market data to support second/third house claim.