-Juan PabloNo clue about your program so no judgement there.. although reading from the posts on this thread.. and given the white hot market for MF the idea that folks that need credit repair or to get cash through credit cards are going to be financially viable to buy MF is   well not sure what that is other than some may say a pipe dream..

So, I’m curious how you are managing to find your deals, whether you are buying at auctions or via marketing direct to sellers.

I feel a loss of direction and that makes it really hard for me to focus and build.Do we keep at building a portfolio of small multi family (very abundant in my market, very rare to find anything above a triplex for sale), with plans of selling the portfolio and 1031'ing into larger properties? 

What type of loan are you in the market for ? 

Memphis is a market where BRRRR is possible, but with rates going up again, it's not a great idea.

As for by-the-room rentals, many lenders won't allow that and if they do, they qualify you off of the long term market rents (which, as I'm sure you can imagine, would be considerably lower than the actual per-room rents).

His family made their money with W2s and the stock market.

You’re absolutely right—speed is such a critical factor in securing deals, especially in a competitive market.

Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.

@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.