I know I'm getting the tax benefits of depreciation, the minimal positive cashflow, and the appreciation on the property, but It's pretty much a long term play of slowly raising rents annually to increase cashflow, which will eventually get basically reset when my loan goes P+I in 10 years.

It’s always interesting to see how people’s backgrounds play into their investing strategies.What kind of multifamily properties are you eyeing right now?

A good attorney, RMLO, and servicing company play a big part of this. .

Defaulted SFR loans - 1st position only (this has been our bread and butter over the years and we will continue to play in this space).

Eager to start playing with the tools and calculators provided here too. 

It’s easy to say “just screen better,” but I imagine truly tightening up criteria without killing occupancy can be an art.Since you’ve seen this play out firsthand, I’d love to hear more—what specific strategies have you used to filter out the bad tenants from the good ones?

That plays well. 

BTW, I am not disputing you, just playing devil's advocate and wanting someone to challenge my thinking. 

so Kristi this begs the question in Fort Meyers were you had land guys in the 50s plat literally 500k thousand lots  ( lehigh Acres etc) where is the development plays or is it all commercial development plays.. 

I'd keep an eye out for future development and path of progress plays.