My target asset class is multifamily and I just had an LOI accepted on a six unit deal in South Jersey. 

It's a C class property.

Where I got into my first big learning curve was when I bought my 8 unit, both in the increase in number of tenants and because it was a fixer upper with inherited tenants that had also been neglected and mismanaged for years.

I'm a fellow bear from class of 2017.

All the cheap properties are MAJOR fixer-uppers with no Rent Zestimates - probably because there are not enough rental data points.This one is priced at $135k with only $1,152 Rent Zestimate.

I forgot to mention another sales tactic is to tell people at the three day class you can charge your investors the 40k tuition.

Additionally, it can help maximize renovations and improvements.36.4% of the total depreciable basis was classified as 5-year class life.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

I would second out near Heber since they’re building the new world class ski resort out there soon.