Would love some feedback before I make the initial buy in. 

I’m reminded of a buddy of mine who moved from Brooklyn to Scottsdale.. he initially thought the desert was just cacti and scorching heat, but soon realized there’s a thriving market here with pockets of real oportuntiy.Working with an investor who’s ready to spec build is a fantastic way to dive in.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

Could someone break it down step by step for me and explain why yes or why no and if yes how would someone like me with little money get it done and profit from it.10 unit multifamily investmentI look forward to learning from someone that has done it.

Constructed using all cash, the next steps are to refinance out of the project (Need assistance in doing so) How did you add value to the deal?

I have a goal of purchasing a small multifamily this year, so I want to start making the steps to make that happen.

I wouldn't focus singularly on individual city initiatives/projects and would recommend focusing more on fundamentals.

From my experience, taking it step-by-step has helped me avoid mistakes and build a solid foundation for the long term.

For those just starting out: keep taking consistent action and small steps.

**Purchase Agreement**: This is the initial contract between you and the seller.