Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

@Kenneth Jenkins you forgot to mention owners that expect a PMC to use contractors off Craigslist that are unlicensed, NOT insured and rarely have acceptable experience/skill - but, they quote the "best" price.These same owners will sue a PMC if using these types of contractors results in a tenant lawsuit.

I think that is absolutely right path for the big owners like you.

I'd have the PM send notice to the tenants that it was brought to the owners attention and they've waived the fee and thank you for being good tenants.

Ed (owner) finally stated that it is because payments are processed the night/morning AFTER the date in which the tenant picks.

Many investors use wholesalers or real estate agents who specialize in investment properties, or they directly target owners with distressed properties.5.

Your job is in Dallas, you are owner occupied?

Most of our owners / investors are out of state and several in Colorado as well.

As others have said, this is the best way to get started because you can get much better financing when the property is owner occupied.

@joel, FHA will finance non owner occ??